Obama and Xi forge a way out
Posted by seumasach on June 13, 2013
“The US needs to rebuild its infrastructure, which is putting a huge brake on its development; and China needs to hedge its US investments from inflation or devaluation. Then a part of the trillions of dollars of Chinese foreign reserves could be turned into minority stakes in US infrastructure.”
11th June, 2013
BEIJING – Openings over the environment, closer collaboration on North Korea, and no mention of the prickly issue of human rights: at the weekend summit between US President Barack Obama and his Chinese counterpart Xi Jinping, the US seemed to pick up where ties got derailed – that is, in Copenhagen in December 2009, when Obama and then prime minister Wen Jiabao failed to reach an agreement on the environment. Xi reciprocated by demanding respect for the new status of his country and reopening the sensitive and important military dialogue.