Word: china
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...while Hu can't expect to win much in the way of U.S. concessions on Taiwan and Tibet, his trip to the U.S. could prove valuable on other fronts. China has traditionally stood on the sidelines of major international gatherings of political leaders, in keeping with the dictum of former leader Deng Xiaoping that the Chinese should "disguise their ambitions and hide their claws." As a result, Chinese economic clout now outweighs its diplomatic leverage and soft power. "China has been reluctant to be put in the traditional order," says Xingdong Chen, the chief China economist for BNP Paribas Securities...
...visit to Washington will come just days before an April 15 deadline for U.S. Treasury Secretary Timothy Geithner to issue a semiannual report that could label China a currency manipulator. China's currency, the renminbi, has been pegged to the dollar, and many economists say it is undervalued, giving Chinese exporters an advantage over their competitors in the U.S. and elsewhere. Some U.S. lawmakers have been pushing Geithner to declare China a manipulator, which would force talks between the two sides and the International Monetary Fund and could create momentum for Washington to adopt protectionist measures...
...Analysts predict that the Chinese President's decision to go to Washington will make the U.S. less inclined to adopt a confrontational stance on China's currency policy. "If April 15 comes and goes without a report, I don't think I'd be surprised," says Stephen Green, head of China research at Standard Chartered Bank in Shanghai. During their phone conversation Thursday, Hu told Obama that "healthy and stable economic and trade relations between China and the United States serve the interests of both countries," according to the state-run Xinhua News Agency. The report didn't say whether...
...While expectations are low for any sudden jump in the value of the renminbi, the recent détente could make it easier for China to begin gradual changes. China's leadership was never likely to make any move on currency in the face of overt pressure from Washington, for fear of appearing weak in the eyes of its people. "Our view is that China was going to move around the middle of the year," says Green. "The China timetable was six months behind the U.S. on this, which creates tension. The tension makes a move harder. What we need...
...During Thursday's phone call, Hu raised China's concerns about Taiwan and Tibet, Xinhua reported. "Taiwan and Dalai are two issues that China will always mention in occasions like this, but I don't think China will expect any constructive replies from the U.S.," says Jin. "I think China will mention those two issues just to declare their position." (See pictures of Obama visiting Asia...