Tuesday, May 22, 2007

U.S.'s Paulson Says `Action' Needed to Damp Growing `Anti-China' Sentiment

(Bloomberg) -- U.S. Treasury Secretary Henry Paulson,
kicking off talks with China's economic leaders, said the meeting
must yield results to damp ``anti-China'' sentiment. Vice Premier
Wu Yi, his counterpart, warned Americans not to blame China for a
record trade deficit.

``It is up to us, over these two days and the work that
follows, to show that words are precursors to action,'' Paulson
said in his opening remarks. Wu responded that ``politicizing''
trade issues is ``absolutely unacceptable.''


Read more at Bloomberg Currencies News

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