U.S. Treasury Secretary and Fed Chief to Lead China Delegation

Plans for a high-level economic delegation from the United States to China next month have been gradually emerging over the last week. This team will be pretty hard-hitting. Treasury Secretary Henry Paulson, who first visited China in September, and Federal Reserve Chairman Ben Bernanke will lead the delegation to the semiannual U.S.-China Strategic Economic Dialogue, created in September.

The talks are expected to address the $200 billion U.S.–Chinese trade imbalance and the Bush administration’s hope that China will adjust its undervalued currency.

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