President Obama’s Speech At Joint China/US Economic Strategy And Dialogue Session
Thought some folks might be interested in this, considering that the Chinese economy and ours are so intertwined at this point. Lots of nuance here, as usual with anything dealing with the Chinese, diplomacy and the economy.
But it’s especially touchy at the moment given the worldwide recession issues and how much US debt the Chinese are currently holding — which, in my mind anyway, diminishes our ability to leverage them on any concessions on trade imbalance, human rights or otherwise. (Especially given our own recent track record on the same.)
Thoughts?
btw, this transcript comes directly from the WH — this is their transcription, not mine. Just fyi.
REMARKS BY THE PRESIDENT
AT THE U.S./CHINA STRATEGIC AND ECONOMIC DIALOGUE
Ronald Reagan Building and International Trade Center
Washington, D.C.
9:35 A.M. EDT
THE PRESIDENT: Thank you. Good morning. It is a great honor to welcome you to the first meeting of the Strategic Economic Dialogue between the United States and China. This is an essential step in advancing a positive, constructive, and comprehensive relationship between our countries. I’m pleased that President Hu shares my commitment to a sustained dialogue to enhance our shared interests.
President Hu and I both felt that it was important to get our relationship off to a good start. Of course, as a new President and also as a basketball fan, I have learned from the words of Yao Ming, who said, "No matter whether you are new or an old team member, you need time to adjust to one another." Well, through the constructive meetings that we’ve already had, and through this dialogue, I’m confident that we will meet Yao’s standard. (more…)




