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Currency reforms dominate discussions at US-China Strategic Economic Dialogue

Wednesday 9 June 2010 - by Andrew Naylor


“Allowing the exchange rate to reflect market forces is important not just to give China the flexibility necessary to sustain more balanced economic growth with low inflation but also to reinforce incentives for China’s private sector to shift resources to more productive higher value added activities that will be important to future growth. This is of course China’s choice.”

US businesses also welcomed increased cooperation by both sides.

Commenting on the talks AmCham-China President Christian Murck said: “We believe that five of the issues prioritised in the talks—market access, indigenous innovation policy, clean energy, open government procurement markets and export control reform—most significantly impact the US-China economic relationship.

“AmCham-China is further pleased to note the rapidly improving tone of the US-China relationship. We are optimistic that this will lead to continued progress in the coming weeks and months.”



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