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U.S., Chinese Officials Wrap Up High-Level Talks

U.S. Secretary of State Hillary Clinton: "Long arc of history"
U.S. and Chinese officials ended two-days of high-level talks on May 10, focusing on economic issues today in Washington.

On the first day of the annual discussions, U.S. Secretary of State Hillary Clinton again urged China to do more to improve human rights.

"We see reports of people, including public interest lawyers, writers, artists and others who are detained or disappear," she said. "And we know over the long arc of history that societies that work toward respecting human rights are going to be more prosperous, stable, and successful."

U.S. officials again pressed China to let its yuan currency rise faster. That would make U.S. goods cheaper in China and Chinese goods more expensive in the United States.

Chinese Vice Premier Wang Qishan cautioned that it takes time to correct economic imbalances -- such as China's bulging trade surpluses and corresponding deficits in the United States.

Chinese officials are seeking assurances that Beijing's $1.2 trillion in U.S. Treasury holdings are safe, despite uncertainty in Washington over how much money the United States can borrow to pay its bills.