Behind all the positive spin put on Hu Jintao's visit to the United States this week, his meeting with Barack Obama in Washington and his participation in talks on Iran showed up a fundamental difference of approach between China and the United States. This forms the framework for economic relations to a greater extent than markets have appreciated. With the People's Republic reporting 11.9 per cent GDP expansion in Q1/10, it seems perverse to give it the label of a tortoise, but the...
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