US thanks China for recession aid

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Last Modified: 21 Feb 2009
By: Faisal Islam

America thanks China for helping it through recession and says human rights concerns come second to economic survival.

America and China will work together to help lead the world recovery, says the secretary of state, Hillary Clinton.

On her first official visit she has downplayed her past criticism over human rights and expressed her appreciation of China's purchasing of American debt.

It is the first time a top American politician has recognised the long running reality of American financial dependence on China.

But as our economics correspondent Faisal Islam reports from Shanghai, the price the Chinese want for further support could cause other problems.

This report contains flashing light.



oining Krishnan Guru-Murthy is Dr Linda Yueh, an expert on globalisation and the Chinese economy.