Purpose
The Senior Dialogue was conceived at a 2004 APEC meeting, after a suggestion made by the Chinese President Hu Jintao to U.S. President George H. W. Bush to create a forum where the global superpower and emerging global player could come together and discuss issues of mutual concern. The typically two-day rounds help establish a framework for bilateral cooperation between the two countries, and give the U.S. an opportunity to shape China's impact on the world as its economy continues to industrialize.
Integrating China into the world's security, economic and political systems continues to be the U.S.'s current policy in dealing with China's rise on the global sphere. However, China's current international economic policies are increasingly rankling American workers and businesses, among others around the world who consider China's trade practices unfair. On June 13, 2007, four U.S. senators introduced a bill that would pressure China to allow its currency to rise in value, which would help close the huge U.S. trade deficit with China, which hit a record $233 billion in 2006. However, Treasury Secretary Henry Paulson believes in pursuing a less confrontational and non-protectionist approach.
Read more about this topic: Senior Dialogue
Famous quotes containing the word purpose:
“During the cattle drives, Texas cowboy music came into national significance. Its practical purpose is well known—it was used primarily to keep the herds quiet at night, for often a ballad sung loudly and continuously enough might prevent a stampede. However, the cowboy also sang because he liked to sing.... In this music of the range and trail is “the grayness of the prairies, the mournful minor note of a Texas norther, and a rhythm that fits the gait of the cowboy’s pony.””
—Administration in the State of Texa, U.S. public relief program (1935-1943)
“I beg to assure you that I have never written you, or spoken to you, in greater kindness or feeling than now, nor with a fuller purpose to sustain you, so far as in my most anxious judgement, I consistently can. But you must act.”
—Abraham Lincoln (1809–1865)
“... my one aim and concentrated purpose shall be and is to show that women can learn, can reason, can compete with men in the grand fields of literature and science ... that a woman can be a woman and a true one without having all her time engrossed by dress and society.”
—M. Carey Thomas (1857–1935)