Sunday, May 8, 2011

US - China talks: Who holds the chips?

Top US and Chinese officials will be meeting for two days in Washington (9-10 May, see BBC News report).

Among other issues, the WSJ reports that the U.S. will press China to hasten yuan's rise.

The grip that China has on the US, eg via its holdings on US Treasury bonds via its sovereign wealth fund is well known.

So what bargaining chips does the US have to pressure China on anything?

In the meantime, Forbes reports that "China Imposes Price Controls, Informally"

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Nick

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