http://www.freerepublic.com/focus/f-news/1751554/posts
"China risk to world economy, says Schwab"
FT ^ | 12/10/06 | Eoin Callan and Krishna Guha
Posted on 12/10/2006 8:59:32 PM PST by TigerLikesRooster
"China risk to world economy, says Schwab"
By Eoin Callan and Krishna Guha in Washington
Published: December 10 2006 22:13 | Last updated: December 10 2006 22:13
ARTICLE SNIPPET: "US-Chinese relations are in jeopardy because Beijing is slowing the pace of reform and putting the global economy at risk, Washington’s chief trade negotiator said on the eve of a high-level delegation to China.
The Bush administration has identified “troubling indications that China’s momentum towards reform has begun to slow” in the last year, according to Susan Schwab, the US trade representative.
The negotiator said the US was ready to initiate new trade disputes and retaliate against China if reforms were not stepped up following this week’s strategic economic dialogue led by Hank Paulson, Treasury secretary.
The warnings reflect pressure on the administration from the US Congress to be more aggressive with China over the value of its currency and the growing trade imbalance between the two countries."
NOTE: The following text is a quote:
http://www.globalcrisiswatch.com
Latest Podcast
December 11, 2006
30 minutes | 13.7 Megs [Listen Here]
Global Crisis Watch returns to investigate the standstill in Beirut, Somalia's uranium deal with Iran, and al Qaeda's march across Central Africa with counterterrorism consultant Daveed Gartenstein-Ross, Niagara University's Dr. Abdiweli Ali, and SudanTribune.com's Dr. Mahgoub el-Tigani.
---
Listen Here:
http://www.globalcrisiswatch.com/gcw/gcw_061211.mp3