To find a solution, they may have to help China to liberalise its financial markets even further.
Policymakers have accused Beijing of keeping its currency artificially low in a bid to help China's exporters.
Much more is needed, and Obama could help by putting additional horsepower into U.S. efforts to help China institute meaningful enforcement practices.
CNN: Obama's China trip is high-stakes mission for environment
China's labor and its growing consumer market will provide a boon for U.S. businesses, and our investments will ultimately help China's people escape decades of oppression.
Today, our countries agreed to a joint initiative that will help China reduce air pollution and increase clean energy production, including through the use of American technology.
On the agenda is a new five-year economic plan meant to help China wean itself off investment and exports and rely more on consumption to drive growth.
The administration is worried that European weapons and civilian technologies with military uses could increasingly help China challenge America at what it is best at: high-tech battle management.
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When that happens, it will help China Mobile promote 3G better and gradually transition its huge 2G base to 3G, eventually taking an unassailable lead over its rivals.
It would help China regain control of its monetary policy.
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Steady middle-class growth also could help China's trading partners, bolstering a market for computers, cars and trendy clothing, as well as for commodities such as copper, oil and cotton.
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Through its control of the financial sector, the Chinese government and party has the basic tools to help China regenerate itself more, much more, than it has up until now.
The new law also refers to standards put forth by the Chinese government that, if passed, could force companies to help China's government identify users and track their application use.
Mr Hu is indeed sympathetic: scholars close to him have been studying Europe's social-democratic parties presumably to see how their experiences might help China's Communist Party transform itself into a more broadly representative organisation.
It may also help China to develop domestic demand that can take up the slack when America's appetite for cheap goods falters, as it inevitably must given the paucity of its national savings.
And that will help China become more open.
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Through them, we'll help China to train judges and lawyers, increase our exchanges of legal experts and materials, strengthen commercial law and arbitration in China, and share ideas on issues such as legal aid and administrative reform.
Chinese telcos, especially China Unicom first came out with the strategy of selling low cost smartphones to attract more 3G subscribers. 3G subscribers are typically heavy data users and help China Unicom in increasing its average revenue per user.
Eswar Prasad, a professor of trade policy at Cornell University, agrees with Paulson that the U.S. should work to help China establish a sound financial system instead of narrowly focusing on the exchange rate between the yuan and the dollar.
Closer cooperation with the World Bank and other international organizations and an adherence to their standards will not only encourage additional investors to participate, but will also help China to repair the damage to its reputation suffered from criticism of earlier African deals.
This will also help lower per phone subsidy costs and potentially help bring China Mobile on board.
If they also help persuade China to rein in North Korea, that would be a double benefit.
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In return for American help with China's access to the World Trade Organization, Beijing would vouch to provide unprecedented business opportunities for U.S. multinationals.
And Chinese veterans of that war still warmly greet those American veterans who return to the sites where they fought to help liberate China from occupation.
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In addition to remaining militarily superior, the United States also can begin to organize multinational political and economic pressures that could help accelerate China's evolution from communism.
Of course, our sluggish recovery has had little help from China, and resurgence in China (along with other emerging markets) could give the US economy a boost in 2013.
The party needs to take on the vested interests, start to privatise SOEs, open their sectors to competition and allow the private sector once again to help pull China forward.
There's no reason for the United States to be left behind, especially when I know how much American workers, investors, entrepreneurs and engineers can help move China forward in a way that benefits us all.
CNN: Obama's China trip is high-stakes mission for environment
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