The so-called strategic and economic dialogue will resume in Beijing on May 3-4.
The Obama administration recently delayed the semi-annual currency report to Congress until after the talks. The report is a political football as the party in power goes through linguistic tai chi to avoid calling China a currency manipulator.
China recently loosened up the peg, allowing USD/CNY to trade in a 1% wide band, so they should get off the hook pretty easily this time around.
GOP presidential candidate Romney has vowed to name China a currency manipulator on day one of his presidency. This is the first campaign promise to be broken, if he is elected. Romney’s smart enough not to flip-off his banker…
