|
U.S. and Chinese officials have announced they will hold top-level meetings on economic issues at least twice a year, under a pact to expand long-term relations and ease tensions between the two nations. The announcement Wednesday came during U.S. Treasury Secretary Henry Paulson's visit to Beijing.
Officials say the agreement it is designed to promote economic cooperation through regular, high-level dialogue between the two nations. They say the agreement has the support of President Bush and Chinese President Hu
Jintao. U.S. officials say the announcement does not mean the United States will back down on economic concerns such as the flexibility of Chinese currency.
U.S. and E.U. officials have argued that China's currency, the yuan, is undervalued, giving Chinese products an unfair advantage in international markets.
Paulson meets today with Chinese Vice Premier Wu Yi and other top ranking officials.
|