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.
More Quotes from Fred Bergsten:
It is ridiculous not to have China and India ... on our side of the table in the energy policy debate internationally.Fred Bergsten
I think it's a matter of a few years.
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
The (Federal Reserve) should certainly emulate the decline in market (interest rates) and should cut by a least a full percentage point, building on the steps already taken.
Fred Bergsten
The euro will start to challenge the dollar as the world's lead currency as soon as the European Central Bank and the new currency establish their credibility -- which will probably be quite soon.
Fred Bergsten
China is the 800-pound gorilla overshadowing all of the U.S. economic relations.
Fred Bergsten
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