So what we're showing in our numbers (is that the) bilateral deficit with China should really be interpreted as a U.S. deficit with all of Asia, not as a bilateral problem with China to be singled out.

Fred Bergsten

Related Quotes

The main problems that undermine the prospects for a successful Doha round lie outside the negotiations themselves.

— Fred Bergsten

The (Federal Reserve) should certainly emulate the decline in market (interest rates) and should cut by a least a full percentage point, building on the steps already taken.

— Fred Bergsten

I think it's a matter of a few years.

— Fred Bergsten

Hence China's currency policy has taken virtually all of Asia out of the international adjustment process.

— Fred Bergsten

In this crucial area, China is not playing by the rules. Failure to get progress on the economic issues will undermine the whole relationship and make it harder to get cooperation on security issues.

— Fred Bergsten

FailureProgressRules