U.S. Wants ‘Real Demonstrative Commitment’ From China On Economy

WASHINGTON, Jan 12 (By Emily Kaiser and Caren Bohan) – The United States wants a “real, demonstrative commitment” from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahe…

WASHINGTON, Jan 12 (By Emily Kaiser and Caren Bohan) – The United States wants a “real, demonstrative commitment” from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahead of next week’s state visit by China’s Hu Jintao.

Treasury Secretary Timothy Geithner will on Wednesday lay out his vision for how the world’s two biggest economic powers should interact. But the official’s comments indicate some impatience with China’s gradual approach to allowing its currency to rise and building up domestic demand.

“It’s both the pace in which they do it and the conviction with which they demonstrate they’re going to do it,” said the senior Obama administration official, who spoke on condition of anonymity.

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