Tim Geithner, US Treasury secretary, begins two days of top-level economic talks in Beijing today amid a tightening focus on the need for the US and China to co-ordinate their exit strategies from the financial crisis.
With the US and China expected to lead the world out of recession, much rests on their ability to manage financial, trade and currency tensions while laying out mutually consistent frameworks for recovery.
The China talks follow recent weakness in the dollar and a surge in bond yields that partly reversed on Friday.
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