Charlie Rose - Timothy Geithner & Wang Qishan 05/10/11

Timothy Geithner »

U.S., China reach 'milestone' agreement

on security, economic policy

May-10-2011--The United States and China on Tuesday pledged to deepen their cooperation on economic and military matters, setting aside a year of tension over issues such as arms sales to Taiwan and the value of China's currency with what officials referred to as a “milestone” agreement.

Ending two days of high-level talks in Washington, the two sides agreed that their top military leaders would meet regularly in what has been dubbed the “Strategic Security Dialogue.

“healthy recognition” by Chinese officials that they need to open more aspects of their economy to outside investment if they are to sustain the high rates of growth needed to continue improving living standards for their 1.4 billion people.”Video: Charlie Rose - Timothy Geithner & Wang Qishan 05/09/11

Geithner hails 'progress' in China talks

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