WKYT | Lexington, Kentucky | News

US, China have pointed questions in private

WASHINGTON (AP) - The U.S. and China have been striking a cordial tone in their public comments during economic talks in Washington.

But in private, China has been posing some pointed questions about issues that include America's soaring budget deficit.

The two sides are scheduled to wrap up two days of high-level talks today. They'll present a joint communique laying out a work plan that both sides will tackle in upcoming meetings.

Officials have been playing down the prospects for any breakthroughs this week on the major issues that separate the two nations, including America's massive trade deficit with China.

The Chinese have the largest foreign holdings of U.S. Treasury debt: more than $801 billion. Economists have said the Chinese are right to worry about a U.S. deficit that's projected to hit $1.85 trillion this year, four times the previous record.

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