America Didn't Get What She Wanted; Now What?

clipped from chinabusinesslaw.blogspot.com "disappointing" results of this round of trade talks Secretary Henry Paulson hosting a delegation of high level Chinese officials They, as I think, agreed to continue to disagree on some of the thorniest issues: the undervaluation of the Chinese currency--"Renminbi" (or "Yuan"); the failure of Chinese government in its protection of intellectual properties; American companies' access to the Chinese market, especially in the financial services sector he parties did agree on the following the number of daily passenger flights between the U.S. and China will be doubled in 2012 from the current 10 to 23 in five years; an increase of the number of cargo flights will also increase; a slight expansion of financial services to enter into China trade deficit with China is simply too large to overlook; it was a whopping $232.5 billion in 2006 which is reportedly larger than U.S. trade deficit with any country in history China unlikely to back down on its position to let the Renminbi rise 40%