Thursday, May 22, 2025, 10:39AM |  53°
MENU
Advertisement
Chinese Vice Premier Wang Qishan, left, laughs with Secretary of State Hillary Rodham Clinton as they pose for a photo at the start of the U.S.-China Strategic and Economic Dialogue in Washington. At right is Treasury Secretary Timothy Geithner.
1
MORE

Power balance key in China talks

Gerald Herbert/Associated Press

Power balance key in China talks

Obama pushes for voluntary cooperation as nations struggle for stability

WASHINGTON -- President Barack Obama opened a high-level meeting with Chinese officials yesterday by declaring that the United States and China share a joint responsibility for the 21st century and should strive to cooperate on key issues such as climate change, nuclear proliferation, transnational threats and the world economy.

"The pursuit of power among nations must no longer be seen as a zero-sum game," he said at a meeting at the Ronald Reagan building co-chaired by Secretary of State Hillary Rodham Clinton and Treasury Secretary Timothy Geithner. "Progress -- including security -- must be shared."

China has sent about 200 top officials to Washington for the two days of talks, led by State Councilor Dai Bingguo and Vice Premier Wang Qishan. Many members of Mr. Obama's Cabinet will also join in the talks, which are an elevated version of a dialogue first started in the Bush administration. Mr. Obama laid out an ambitious agenda, calling for a "future when our nations are partners out of necessity, but also out of opportunity."

Advertisement

Mr. Dai, speaking at the opening of the meeting, noted that the two countries are separated by huge differences in culture, ideology and social systems, but that the economic crisis demonstrated that "we are actually all in the same big boat that has been hit by fierce wind and huge waves."

As China's economy has boomed, so has its international clout, though Mr. Obama acknowledged that world financial institutions must be overhauled to better reflect China's new role in the world economy. With the revenue generated by huge trade surpluses with the United States -- and policies that keep its currency artificially low -- Beijing is the largest single investor in U.S. Treasury bonds. That $1.5 trillion stake means that China is critical to Mr. Obama's efforts to boost the U.S. economy through deficit spending, though Chinese officials have expressed worry that the value of their holdings will fall if the U.S. deficit is not brought under control.

Mr. Geithner, addressing the meeting, stressed that the administration is "committed to taking the necessary measures to bring our fiscal deficits down to a more sustainable level, once recovery is firmly established." He also praised Chinese leaders for their efforts to boost domestic consumption, which he said "will be a huge contribution to our global challenge in bringing about a more rapid but more balanced and sustainable global recovery."

Neither Mr. Obama nor Mr. Geithner publicly touched on the sensitive issue of China's firm grip on the value of the Yuan. But Mr. Obama notably devoted a few paragraphs of his remarks to gently prod regarding China's human rights record. "We also strongly believe that the religious and culture of all peoples must be respected and protected, and that all people should be free to speak their minds," he said.

Advertisement

Chinese President Hu Jintao, in a written message, said China and the United States "shoulder important responsibilities on a host of major issues concerning peace and development." He said the delegations should "conduct consultations in an equal and candid manner" to "seek win-win progress."

First Published: July 28, 2009, 8:00 a.m.

RELATED
Comments Disabled For This Story
Partners
Advertisement
View of the Grove Entrance at the Brighton Rehabilitation and Wellness Center on Tuesday, Aug. 9, 2022, in Beaver, Pa. (Ariana Shchuka/Post-Gazette) #buildingmug
1
news
Two Pittsburgh-area nursing homes ordered to pay more than $15 million for health care fraud
Just four years after key neighborhoods powered Mayor Ed Gainey's upset victory, some of those same areas swung their support to his challenger, Allegheny County Controller Corey O'Connor.
2
news
Looking at the maps: Voting breakdown shows Gainey's defeat primary marked by deep divides
An exterior view of the Pittsburgh Public Schools administration building as seen Thursday, Aug. 4, 2022, in Oakland.
3
news
Pittsburgh Public recommending 12 school closures under newly revised plan
Pittsburgh’s incumbent mayor, Ed Gainey takes the stage to concede after the Pittsburgh Democratic Primary after losing to Alleghney County Controller Corey O’Connor at the Pittsburgh Federation of Teachers on the South Side, Tuesday, May 20, 2025. “It ain’t over, it’s called of a continuation.” During his concession speech, Mayor Ed Gainey called his administration up to the stage and thanked them.
4
news
Progressives have been on a hot streak in Pittsburgh. Gainey's loss could be a 'cautionary tale,' experts say
A fan holds a sign referencing high school recruit Arch Manning before the game between the Clemson Tigers and the Florida State Seminoles at Clemson Memorial Stadium on October 30, 2021 in Clemson, South Carolina.
5
sports
Brian Batko’s Steelers mailbag: How realistic is a lost season in 2025?
Chinese Vice Premier Wang Qishan, left, laughs with Secretary of State Hillary Rodham Clinton as they pose for a photo at the start of the U.S.-China Strategic and Economic Dialogue in Washington. At right is Treasury Secretary Timothy Geithner.  (Gerald Herbert/Associated Press)
Gerald Herbert/Associated Press
Advertisement
LATEST news
Advertisement
TOP
Email a Story