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Kyodo via Associated Press images

Bilateral stall

President Obama's trip to China in mid-November put the awkwardness of the China-U.S. relationship under bright lights. As Air Force One landed in Beijing, Chinese officials arrested dozens of dissidents and human-rights activists. Obama stated the United States' support of universal human rights several times publicly but didn't address the arrest of dissidents. The two countries plan to meet on the topic of human rights next year.

China is nervous about what's happening to the dollar because the country owns $800 billion in U.S. debt and receives about $50 billion a year in interest. But the United States is worried that China might dump its debt, devaluing the dollar. Obama urged Chinese President Hu Jintao to base Chinese currency on market value. Hu didn't comment—except essentially to tell the United States to tend its own garden.

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December 05, 2009, Vol. 24, No. 24

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