Timothy Geithner
China urged Washington to lift export and investment controls directed against Beijing, saying such a move could go a long way towards conquering the steep trade imbalance between the two powers.
But in their annual bilateral dialogue, US officials continued to press Beijing over its allegedly undervalued yuan as a way to redress China’s $273 billion trade surplus with the United States.
Earlier US Treasury Secretary Timothy Geithner opened the two-day US-China Strategic and Economic Dialogue by placing China’s need for a more flexible exchange rate and more open capital markets top of a list of things to discuss.