China
Chinese and US financial officials to meet
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Ahead of his trip to China, Paulson also praised China's efforts in reforming its currency policy by allowing the yuan to rise by more than 20 percent against the dollar in the last 3 years.
But many US exporters still feel the move hasn't done enough to reduce their trade deficit with China. Facing domestic pressure, Paulson may handle the issue more delicately now that China is the biggest holder of US Treasury Bonds.
But viewed as a whole, the series of talks seem to have struggled to find purpose, raising the question of whether US President-elect Barak Obama will continue them.
Paulson has warned that the sessions must produce short-term results to win continued support.
Spectators say the dialogue's real concern will be more on how the relationship between China and the US will develop during Washington's transition of power.
Jin Canrong, deputy director of Center For American Studies, Renmin Univ., said, "I think this time, if they can get more detailed agreement on energy, environment, investment protection, this dialogue will have some far reaching impact and will help this mechanism dialogue be resumed in another name under the new administration."
The Chinese delegation will be led by Vice Premier Wang Qishan.
The talks, held twice a year, were launched in 2006 to address tensions that threatened to derail booming trade and financial issues of common concern.
Editor:Zhang Ning