US in China: A lot to talk about
Source: Agencies |
May 22, 2010, Saturday
|
Print Edition
Print Edition
US Secretary of State Hillary Rodham Clinton is leading a large Cabinet team to Beijing for wide-ranging talks.
Next week's second annual Strategic and Economic Dialogue will touch on some of the thorniest topics in the bilateral relationship, including what to do about North Korea after South Korea blamed it for the sinking of one of its warships.
Winning concessions on other key topics such as exchange rate reform, climate change and new sanctions against Iran also won't be easy.
Yet despite low expectations, the two-day dialogue is a powerful demonstration of the depth and complexity of the US-China relationship.
Clinton's delegation includes nearly 200 officials from virtually every sector of the US government, as well as the Navy's Pacific Command.
Treasury Secretary Timothy Geithner, Commerce Secretary Gary Locke and Trade Representative Ron Kirk will lead the economic discussions, with a focus on broadening access for US exports and efforts to convince China to allow the yuan to strengthen against the dollar.
China's delegation will be led by Vice Premier Wang Qishan, responsible for economic issues, and State Counselor Dai Bingguo.
The dialogue that starts on Monday at a secluded government guesthouse in western Beijing will have the same hefty agenda as last year's inaugural event in Washington that marked a fresh attempt at establishing a framework for regular discussions between the two sides.
Business trip
Meanwhile, US business executives wrapping up a clean energy trade mission to China yesterday hinted at potential big sales in the world's hottest market for renewables and fuel-saving technology.
Locke led a team of executives from 24 American solar, wind, energy efficiency, building design and manufacturing companies on a week-long trip to Hong Kong, Shanghai and Beijing to scout new export sales opportunities.
The group included corporate giants such as Boeing, General Electric and Dow Chemical, all well established in China, as well as much smaller firms.
Tom Casey, chief executive of Current Group, which sells "smart grid" technology to help utilities distribute electricity with less waste, told Reuters he expected new business to come from the contacts he made this week.
Alla Weinstein, president of Principle Power, a small Seattle firm which has developed a floating support structure for large offshore wind turbines, also was optimistic.
"Three positive prospects," she said. "They're really interested in the technology and completely not scared about the amount of money we need. In fact, one of the guys said 'I can build this and I can build 10 more projects that you want to do.'"
Next week's second annual Strategic and Economic Dialogue will touch on some of the thorniest topics in the bilateral relationship, including what to do about North Korea after South Korea blamed it for the sinking of one of its warships.
Winning concessions on other key topics such as exchange rate reform, climate change and new sanctions against Iran also won't be easy.
Yet despite low expectations, the two-day dialogue is a powerful demonstration of the depth and complexity of the US-China relationship.
Clinton's delegation includes nearly 200 officials from virtually every sector of the US government, as well as the Navy's Pacific Command.
Treasury Secretary Timothy Geithner, Commerce Secretary Gary Locke and Trade Representative Ron Kirk will lead the economic discussions, with a focus on broadening access for US exports and efforts to convince China to allow the yuan to strengthen against the dollar.
China's delegation will be led by Vice Premier Wang Qishan, responsible for economic issues, and State Counselor Dai Bingguo.
The dialogue that starts on Monday at a secluded government guesthouse in western Beijing will have the same hefty agenda as last year's inaugural event in Washington that marked a fresh attempt at establishing a framework for regular discussions between the two sides.
Business trip
Meanwhile, US business executives wrapping up a clean energy trade mission to China yesterday hinted at potential big sales in the world's hottest market for renewables and fuel-saving technology.
Locke led a team of executives from 24 American solar, wind, energy efficiency, building design and manufacturing companies on a week-long trip to Hong Kong, Shanghai and Beijing to scout new export sales opportunities.
The group included corporate giants such as Boeing, General Electric and Dow Chemical, all well established in China, as well as much smaller firms.
Tom Casey, chief executive of Current Group, which sells "smart grid" technology to help utilities distribute electricity with less waste, told Reuters he expected new business to come from the contacts he made this week.
Alla Weinstein, president of Principle Power, a small Seattle firm which has developed a floating support structure for large offshore wind turbines, also was optimistic.
"Three positive prospects," she said. "They're really interested in the technology and completely not scared about the amount of money we need. In fact, one of the guys said 'I can build this and I can build 10 more projects that you want to do.'"
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