The failure to get progress on the economic issues may undermine the overall relationship and then make it harder to work together on the security concerns.
More Quotes from Fred Bergsten:
China is the 800-pound gorilla overshadowing all of the U.S. economic relations.Fred Bergsten
I think it's a matter of a few years.
Fred Bergsten
It is clear that the G-7 will come in with further intervention. They have made a commitment now and they must follow through.
Fred Bergsten
In this crucial area, China is not playing by the rules. Failure to get progress on the economic issues will undermine the whole relationship and make it harder to get cooperation on security issues.
Fred Bergsten
In a matter of years, not decades, the euro will move up alongside the dollar in a bipolar global monetary framework.
Fred Bergsten
So what we're showing in our numbers (is that the) bilateral deficit with China should really be interpreted as a U.S. deficit with all of Asia, not as a bilateral problem with China to be singled out.
Fred Bergsten
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