Hillary Rodham Clinton has said no nation is more important to the United States than China. But ties between the two powers may be off to a rocky start just days into the Obama administration.
In his Barack Obama spoke of how earlier generations of Americans had “faced down fascism and communism.” China’s state broadcaster quickly faded out the audio of its live broadcast, the camera cutting back to a flustered studio anchor.Tuesday, President
Then, on Thursday, Obama’s choice to lead the Treasury Department, Beijing does to make its goods cheaper for U.S. consumers and American products more expensive in China., wrote that Obama believes China is “manipulating” its currency, which American manufacturers say
Chinese officials closely follow U.S. political rhetoric and frequently decry what they consider foreign interference in China’s internal affairs. The United States often criticizes China about human rights and trade abuses, but Washington and Beijing find themselves increasingly intertwined in a host of crucial economic, military and diplomatic efforts.
By FOSTER KLUG, Associated Press Writer
State media in China reported Saturday that a deputy governor of dismissed Geithner’s comment. Su Ning was cited as saying by the that the remarks were “not in line with the facts.”
“We thought in the face of the financial crisis, there would be a spirit of self-criticism beneficial to finding ways of resolving the issue and overcoming the crisis,” Su said, adding that it was imperative to avoid any excuses to encourage.
Earlier, China’s foreign minister, Yang Jiechi, said Beijing was committed to working with the Obama administration to strengthen ties and cooperation.
Selig Harrison, director of the Asia program at the U.S.-based, said it was “very ill-advised for the new administration to confront China as if this were 10 years ago and we were in a strong financial position internationally.”
“We are dependent on Chinese goodwill for our economic survival and viability, and, therefore, it seems to me that this type of posture is very risky,” he said.
Despite an early face-off with China over an intercepted U.S. spy plane, former President George W. Bush made it a priority to strengthen relations with China while also pushing the country to live up to what he considered its duties as an emerging global superpower and a veto-holding member of the U.N. Security Council.
Trade ties between the United States and China often are tense. China says it has made progress on currency changes and worries about bills introduced in Congress that would impose economic sanctions on China unless it moves more quickly to let its currency rise in value against the dollar.
Although Geithner said China is “manipulating its currency,” he suggested Thursday that now might not be the right time to brand Beijing as a currency manipulator under U.S. trade law, which could lead to U.S. trade penalties against imports from China.