No deal
It should be pretty obvious at this point that nothing concrete will come out of these China talks. They've already kicked off with a "clash" ... okay, more of a wordy difference of opinion. Strip away all the diplomatic flourishes and it came down to this: US' Paulson: "Free your yuan." China's Wu Yi: "No." Some folks think the U.S. is too fixated on the currency issue (China's yuan is loosely fixed against the dollar) and should be putting more emphasis on market access issues. The track record isn't great there either. Maybe we should ask if it is worth talking to them at all? Or at least take some harder tone than just "please,please, please."
Clash on trade
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