* "Real, demonstrative commitment" sought from China
* U.S.: Pace, conviction key to showing Beijing's resolve
* Geithner to lay out vision for economic goals of summit
(Repeats with no change in content)
By Emily Kaiser and Caren Bohan
WASHINGTON, Jan 12 The United States wants a
"real, demonstrative commitment" from China that it is serious
about shifting away from export-led economic growth, a U.S.
official told Reuters on Tuesday ahead of next week's state
visit by China's Hu Jintao.
Treasury Secretary Timothy Geithner will on Wednesday lay
out his vision for how the world's two biggest economic powers
should interact. But the official's comments indicate some
impatience with China's gradual approach to allowing its
currency to rise and building up domestic demand.
"It's both the pace in which they do it and the conviction
with which they demonstrate they're going to do it," said the
senior Obama administration official, who spoke on condition of
"What we still need to see in the first instance is that
real, demonstrable commitment to the objective" of rebalancing
the economy, the officaal said.
Washington has pressed Beijing for years to allow the yuan
to rise more rapidly to cool its exÿports, narrow a trade gap,
and shrink a $2.8 trillion pile of reserves.
But China counters that U.S. economic policies are
responsible for the imbalances and has urged the United States
to get its own fiscal house in order before its mountain of
debt destabilizes the global economy.
The Jan. 19 White House talks mark the first face-to-face
meeting between President Barack Obama and Hu since the Group
of 20 summit in Seoul in November, which was widely seen as a
disappointment for Washington.
Not only did Obama get scant international support at the
G20 meeting for pressuring China to speed up the yuan's rise,
but he also got an earful from allies about his own country's
economic policy. Topping the list of complaints was the U.S.
Federal Reserve's decision to buy $600 billion in government
debt to try to spur a stronger economic recovery.
Eswar Prasad, a Brookings Institution economist and former
International Monetary Fund official with responsibility for
China, said Geithner's speech would seek to wrest back control
of the economic message.
"There is a sense that at the Seoul G20 summit, China
managed to take charge of the narrative, especially about the
effects of (the Fed's bond-buying program) on the rest of the
world, thereby deflecting attention from yuan and trade
policy," Prasad said.
Geithner is the first of several top U.S. officials fanning
out to preview Hu's visit and detail the White House'q aims.
Secretary of State Hillary Clinton will give what an aide
called a "major" address on U.S.-China relatimns on Friday.
Geithner will "stake out the ex