From Financial Times:
For a forum meant to allow Washington and Beijing quietly to sort out long-term problems, the run-up to the first US-China Strategic Economic Dialogue starting on Thursday has already featured some traditional high-decibel diplomacy.
In recent days Hank Paulson, the US Treasury secretary, and Susan Schwab, the US trade representative, have both made statements admonishing China over its trade, economic and currency policies.
The Chinese have so far been much more restrained, in public at least. “This is a very important strategic dialogue and probably it’s good for policy co-ordination and also for trade imbalances and many other issues,” said Zhou Xiaochuan, the governor of the People’s Bank of China, the central bank, in Beijing on Monday. “I think that Hank Paulson raised the requirement to have an economic dialogue. We are prepared to give a very positive and active response to that.”[Full Text]
-For recent comments from Paulson and Schwab, read CDT post China Risk to World Economy, Says Schwab and Paulson Reaches out to China
