China has increased position of strength as cited below

Washington Post,Dec. 3, 2008 on page D1,D3:

"With the US financial system strapped for cash and in disarray,China has increased its position of strength. The Strategic Economic Dialogue is about the American dollar problem and the US economic crisis nowadays. The global economic turmoil has sparked calls for China to take a leadership position in efforts to stabilize countries on the verge of collapse." But China is a developing nation with modesty.
"Among the various proposals are for China to take a greater role in the IMF. With its enormous foreign reserves - at $1.9 trillion, the largest in the world - China could buy power in a global organizations that has long been criticized for being dominated by Western nations. China and its neighbors have committed $80 billiion to the effort and there have been discussions about increasing to $150 billion for Asia Fund for Asian neighbors only." China is willing to be a partner for maintaining global economic stability in my view.

"President Obama's new Treasury Secretary, Tim F. Geithner, has had a strong interest in China sine boyhood,when his father served as an Asia expert for the Ford Foundation. Geithner studied Chinese at Dartmouth University and spent at least one summer in China." During the course of time re Strategic Economic Dialogue,I believe the positive actions would be taken for mutual benefit. The smart negotiators should understand that cooperation and collaboration would be the best bet for two great nations and for the world as a whole in the days to come.

Francis Shieh a.k.a. Xie Shihao, a graduate student from Shanghai,China to study Sino-American Economics since 1947.

December 3, 2008 at 12.26 p.m.