{"id":420132,"date":"2011-05-09T14:47:38","date_gmt":"2011-05-09T14:47:38","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/09\/us-calls-on-china-to-spend-more\/"},"modified":"2011-05-09T14:47:38","modified_gmt":"2011-05-09T14:47:38","slug":"us-calls-on-china-to-spend-more","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/09\/us-calls-on-china-to-spend-more\/","title":{"rendered":"US calls on China to spend more"},"content":{"rendered":"<p><div readability=\"63.0374826469\"><span><span>9 May 2011<\/span> <span>Last updated at<\/span> <span>10:47 ET<\/span><\/span><\/p>\n<div readability=\"32\">\n<div>\n<div readability=\"7\"><img decoding=\"async\" class=\"holding\" src=\"http:\/\/news.bbcimg.co.uk\/media\/images\/52612000\/jpg\/_52612259_52612258.jpg\" alt=\"Yuan notes\" \/><\/p>\n<p><strong>Please turn on JavaScript.<\/strong> Media requires JavaScript to play.<\/p>\n<\/div><\/div>\n<p>The US has said it will press China again on its currency policy<\/p>\n<\/div>\n<p>US Treasury Secretary Tim Geithner has called on China to rely more on its own spending and less on exports.<\/p>\n<p>&#8220;The challenge is to lay the foundation for a new growth model, driven more by domestic demand,&#8221; he advised his Chinese counterparts.<\/p>\n<p>His comments came at the start of a two-day bilateral trade meeting in Washington.<\/p>\n<p>US officials and many economists say Beijing depends unfairly on a cheap currency to boost exports and growth.<\/p>\n<p>The heads of 16 US government agencies and representatives of 20 Chinese government departments will discuss the most difficult issues in a complex, interdependent relationship.<\/p>\n<div readability=\"20.6666666667\"><a href=\"http:\/\/www.bbc.co.uk\/news\/business-13338859#story_continues_2\">Continue reading the main story<\/a><\/p>\n<h2>\u201c<span>Start Quote<\/span><\/h2>\n<blockquote readability=\"5\">\n<p>China makes its own claims of discrimination\u201d<\/p>\n<\/blockquote>\n<p><span>End Quote<\/span> <span>Caroline Hepker<\/span> <span>BBC World Business Report, New York<\/span>\n<\/div>\n<p>The annual Strategic and Economic Dialogue comes just four months after bilateral discussions between President Barack Obama and President Hu Jintao.<\/p>\n<p>Mr Geithner also said that China should develop &#8220;a more market-based economy and a more sophisticated financial system&#8221;.<\/p>\n<p>In a largely upbeat opening address, he claimed that the two countries&#8217; reform needs were &#8220;not in conflict&#8221;.<\/p>\n<p>It is not thought any concrete results will emerge from this meeting, according to the BBC&#8217;s Caroline Hepker in New York. Rather, each side is hoping to influence the other&#8217;s point of view.<\/p>\n<p>&#8220;That has meant a string of statements and briefings on issues from the yuan exchange rate to protectionism, America&#8217;s budget deficit and China&#8217;s human rights record from leaders on both sides,&#8221; she said.<\/p>\n<p>&#8220;But China makes its own claims of discrimination. Beijing argues the US imposes restrictions on Chinese investment in the US using the cloak of national security concerns.&#8221;<\/p>\n<\/div>\n<p>View post:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-13338859\" title=\"US calls on China to spend more\" rel=\"noopener noreferrer\">US calls on China to spend more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 9 May 2011 Last updated at 10:47 ET Please turn on JavaScript. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-420132","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US calls on China to spend more - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/09\/us-calls-on-china-to-spend-more\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"US calls on China to spend more - 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