The Bush Administration is raising its voice on China’s trade practices. Will it work this time?
The two nations are scheduled to meet next week in Beijing, the latest in the seemingly neverending string of talks between the countries. U.S. Treasury Secretary Henry Paulson told the U.S. media today he will warn China that the world’s patience is getting thin.
Will this latest maneuver in the ongoing cat-and-mouse games finally net its prey? Or will China continue to say one thing and do another? My guess is on the latter. Beijing has little incentive to play ball. Short of harsh sanctions, the world can expect a lot of chatter … but little action.