North Korea, trade, revaluation of the yuan - there was a lot to cover at the second round of the China-US strategic and economic talks this week in Beijing. More than 200 US officials traveled to the Chinese capital, with Secretary of State Hilary Clinton and Treasury Secretary Timothy leading the delegation. Vice Premeir Yang Qishan and State Councilor Dai Bingguo led talks on the Chinese side. So in two days of meeting, what was achieved? BON's Sana Qadar has more.
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A dispute over natural gas below the East China Sea, between China and Japan raised its head again this weekend in talks between the two countries. Japanese Foreign Minister Katsuya Okada told his Chinese counterpart, Yang Jiechi, that Tokyo would take "action" if China violated a 2008 agreement on joint gas exploration projects. During the talks, Okada also urged China to start discussing details about the deal to jointly develop the gas fields.
Although the two countries reached a broad agreement in 2008 on joint development of the resources, progress has been slow. And Japan has accused China of drilling for gas in violation of the agreement. Okada warned that Japan might start its own drilling if China violated the agreement. China has insisted that it has the right to begin drilling under the agreement.