Sino-US talks under pressure from looming US presidential election - state media |
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Tue, 22 May 2007 04:03
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BEIJING - Sino-US economic talks are under pressure to make progress because of the looming US presidential election, the China Daily quoted US Treasury Secretary Henry Paulson as saying.'The reason I want progress so much now is that, with the presidential election coming up, I don't want people in the United States to use the lack of progress as a reason for saying, 'Dialogue doesn't work, we need tougher legislation or we need to make China an issue in the election',' Paulson said in an interview, of which portions were carried by the newspaper.'We have to keep making progress because we need some sign posts to show that we are not just talking the talk but walking the walk,' he said.The latest Sino-US Strategic Economic Dialogue which starts in the US today will bring together a team headed by Paulson, and one headed by Wu Yi, Chinese vice premier and foreign trade specialist.It is aimed at discussing medium- to long-term concerns of the two powers but the focus of the meeting is turning out to be China's currency, which American critics say is undervalued and responsible for a widening trade gap.If the US election, scheduled for November 2008, repeats the patterns of recent polls, China is likely to creep up as a prominent agenda item.afp
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