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No yuan deal at US-Chinese talks

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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 11:00 PM
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No yuan deal at US-Chinese talks
http://news.bbc.co.uk/2/hi/business/7142976.stm

China and the US have ended two days of trade negotiations with very little apparent progress on their key issues of dispute.

China agreed to increase safety standards on exports to the US, prompting Chinese Vice Premier Wu Yi to declare the talks a "complete success".

US Treasury Secretary Henry Paulson said the meetings in China provided a foundation for further co-operation.

Yet there was no deal on the yuan and China's giant US trade surplus.

Mr Paulson added that the US had also got agreement from Beijing that China would make it easier for American firms to work in the country.

more...

How long have they tried and China has smiled and said someday but not today
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 11:35 PM
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1. Since C hina is our "banker"--the war is being payed for with
loans from China, they are in the position of strength in negotiations.
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