As the U.S.-China Strategic Economic Dialogue kicks off:
AFP: “BEIJING (AFP) — A week of senior Sino-US economic exchanges kicked off on Monday with China warning the United States not to push too hard on sensitive issues, amid long-standing tensions over the Chinese currency.
USA Today: “WASHINGTON — Treasury Secretary Henry Paulson warned China against using current U.S. economic weakness to avoid moving faster on currency reform.”
Associated Press: “China and the United States on Monday stressed their common interest in fending off protectionism even as they prepared for difficult negotiations over trade, exchange rates and intellectual property protection.”
Xinhua: “BEIJING, Dec. 9 (Xinhua) — The China-U.S. Strategic Economic Dialogue (SED) is of great significance to enhance strategic mutual trust between the two governments, thus ensuring constant progress of the constructive and cooperative relations between China and the United States, said Finance Minister Xie Xuren.”
P.S. Does anyone else cringe when they see the acronymn, SED? As in Sozialistische Einheitspartei Deutschlands?