WASHINGTON - the United States and China launch two days of talks Monday that will give the two biggest world economies, a chance to manage their often tense political differences.
Requirements of Washington for the reform of the currency by Beijing are likely to be addressed by the expressions of interest by China, the largest creditor to the United States on the levels of debt to the United States arrow.
Strategic meeting of this year and Economic Dialogue, diplomatic, and economic matters takes place just a week before that the United States strikes a legal debt limit set may 16.
Before two days of talks, Chinese officials clearly that they followed talks between the administration of the Obama and Republicans on competing proposals to tackle a budget deficit of under $ 1.4 trillion.
"We hope that the United States in its budgetary consolidation will be able to take effective measures based on a proposal from the President Obama," Chinese Vice Finance Minister Zhu Guangyao told journalists in Beijing Friday.
U.S. authorities developed a menu of applications which include more access for American companies and implement faster reforms in the financial market and a more flexible exchange rate regime and Chinese high interest rates.
With the US economy is growing modestly after the financial crisis of 2007-2009 and Washington still dependent on selling its debt to China, the two countries have an interest in maintaining relations continue to promote the global recovery.
No breakthroughs are likely, but the talks could defuse the potential for outbreaks on debt and other issues, said Jin se, Professor of international relations at the Renmin University in Beijing.
"There are structural conflicts in the relationship of China and the United States" Jin told Reuters. "Even if this year relations have had a good starting point, the problems are still there and could explode at any time and lead to a back step in relations."
U.S. Treasury Secretary Timothy Geithner has been meeting Chinese Vice Prime Minister Wang Qishan during dinner on Sunday evening before formal negotiations.
The strategic side of the dialogue will be led by the Secretary of State Hillary Clinton and Chinese State Councillor Dai Bingguo, Adviser on foreign policy of senior leaders of the country.
MANAGEMENT OF DIFFERENCES
The United States said that he has the intention of China to press human rights issues, potentially sensitive Chinese concerns that uprisings in Arab nations could trigger unrest.
But on this issue, as with some on the economic track, officials suggest that the focus will be on the management of differences to prevent boiling issue pure and simple.
Vice Minister Cui Tiankai foreign, said Friday the spirit established in January talks between President Barack Obama and his Chinese counterpart, Hu Jintao, when they agreed to respect the other way of development, should continue.
"We hope that by observing the development of China's human rights, the outside world paste to the facts, or to use a popular expression of China, to adopt a sunny disposition," said Cui.
Monetary policy is a subject of perennial, more specifically the allegations of U.S. yuan that China is undervalued and should be allowed to appreciate more rapidly in the interest of better balance trade between the world no. 1 and no. 2 economies.
To come of these talks, Geithner said that let the yuan appreciate more would quickly the Chinese to better control of inflation and the US authorities said he urged China to rise of the Let's official interest rates more quickly in the bid to reduce the imbalances more encouraging domestic consumption.
"We will encourage China to move faster by raising the ceiling on the interest rates on bank deposits to put more money in the pockets of Chinese consumers," Senior Coordinator of the Department of the Treasury for ChinaDavid Loevinger, said to journalists at a Conference last week.
Treasury delayed a report April 15 regular partners currency practices commercial key which, in theory could have marked manipulator of China and opened the way to the imposition of trade measures against it. In practice, the Treasury Board has chosen to use persuasion to try to convince Beijing to let the yuan rise as a tool to fight against inflation.
"You hear Chinese officials recognize more directly to the public, now that they need to do to help support an effective strategy to contain the risks of inflation," Geithner said at the meeting of U.S. - China Business Council last week.
China, cash flush now as holder of the world more large foreign reserves which are approximately two-thirds dollars, wants to ensure that its firms are not discriminatory against the United States.
While US Secretary of Commerce Gary Locke - appointed Ambassador to China United States-, last week complained that American companies are excluded from all industries in China or are pushed to give up proprietary information as a cost of entry.
Analysts cautioned that the dramatic results are unlikely that talks this week, not surprising that the two major economies enter into a more mature relationship.
"The objective has changed so slow methodical progress rather than on the resolution of the major conflicts or arriving to dramatic breakthroughs," said Eswar Prasad, senior fellow at the Brookings Institution in Washington.
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