Inflation and tight credit are proving to be the two big economic issues in China this year.

FORBES: China's Banks Tighten Credit

Treasury Secretary Henry Paulson, who helped broker the deal, was invited to testify, but he will be in China to discuss other economic issues.

FORBES: Magazine Article

The Obama administration is seeking to significantly increase its diplomatic presence in Asia, as a number of U.S. allies in the region voice concerns about China's increasingly assertive positions on territorial, security and economic issues.

WSJ: Clinton Presses China to Do More to Restrain North Korea