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WASHINGTON (AP) - American manufacturers view upcoming talks as critical for China to speed its currency reforms and help reduce soaring U.S. trade deficits. The big question is whether the Chinese see the meetings in the same way.
The Bush administration is fielding its top economic team for the Oct. 16-17 meetings in Beijing; Treasury Secretary John Snow leads the delegation, backed by Federal Reserve Chairman Alan Greenspan.
The presence of Greenspan has raised hopes among U.S. manufacturers that what could have been just a routine consultive meeting of the U.S.-China Joint Economic Commission will produce more tangible results in the area of most concern — currency values.
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