U.S. Hits Resistance at Economic Talks in China – Steven Weisman

From The New York Times:

A high-level array of cabinet officials from China and the United States clashed today over how quickly China should move to change policies that have caused friction with Washington, in the opening session of an unusual two-day closed-door dialogue.

In marathon meetings at the Great Hall of the People, Treasury Secretary led a team that included six cabinet colleagues and Ben Bernanke, the Federal Reserve chairman, in the most elaborate effort made by an American government to persuade China to reform its policies.

American officials argued that a faster pace of reform is in China’s interest. Chinese officials countered firmly that their country must proceed at its own pace, given its history of poverty, colonial subjugation and civil wars, and that American officials must try harder to understand China’s achievements and constraints.[Full Text]

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