Cut budget, halt inflation, US told
By Bao Daozu | China Daily | Updated: 2009-07-29 07:49
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Vice-Premier Wang Qishan (right) and US Treasury Secretary Timothy Geithner prepare to share ideas on bilateral economic initiatives at the China-US Strategic and Economic Dialogue at the Treasury Department in Washington yesterday. Reuters |
WASHINGTON: China told the US it hopes the nation will cut its colossal fiscal budget in order to stifle inflation and protect China's dollar-denominated assets as the countries wrapped up the first day of the US-China Strategic and Economic Dialogue (SAED).
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