Geithner heads to Beijing for talks (2)

08:33, April 08, 2010      

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Mei Xinyu, a researcher at the Chinese Academy of International Trade and Economic Cooperation affiliated to the

Ministry of Commerce, said the yuan issue could top the agenda of Geithner's meeting with Chinese officials.

"It is normal for the two countries to conduct exchanges given the many frictions between them," Mei said.

"But the timing of the visit is very unusual."

"The purpose of the trip is to try to finalize the deal apparently reached over the exchange rate," said Heritage Foundation research fellow Derek Scissors.

"If successful, China can announce and implement changes at its preferred time, rather than being rushed due to political pressure and the schedule of bilateral and multilateral meetings."

"After a time of disturbance and unpleasantness, Chinese-US relations are entering a track of getting closer to one another," said Liu Jiangyong, a professor at the institute of international studies at Beijing's Tsinghua University. "I hope the Geithner visit promotes understanding."

Philip Levy, a scholar at the American Enterprise Institute for Public Policy Research, said the Geithner visit to Beijing is a "very positive development".

"As Secretary Geithner has said, the United States and China have a common interest in seeing China's currency adjust to a more appropriate level. The best way to achieve this is through cooperative dialogue, not ultimatums and threats. The visit will allow just such dialogue," Levy said.

Pieter Bottelier, professor of China Studies of Johns Hopkins University, said the bilateral relationship has indeed been under a lot of stress lately.

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