David Gray / Reuters
Gary Locke, right, the new U.S. ambassador to China, walks out the front door of his residence with his wife Mona before speaking to the media in Beijing, Aug. 14. Locke, the first Chinese-American to fill the post, in his previous job as U.S. commerce secretary, often chided China over its trade policies, but in his first media appearance since taking up his new job in Beijing he gave a more benign message of potential cooperation.
"The United States and China have a profoundly important and complex diplomatic and economic relationship, one with challenges, to be sure, but which also holds great promise for expanded cooperation and collaboration," Locke told reporters.
Since Standard & Poor's cut its credit rating for long-term U.S. debt in early August, Chinese state media have accused Washington of reckless fiscal policies that have created uncertainty about Beijing's big holdings of dollar assets.
Analysts estimate Beijing has put about two-thirds of its $3.2 trillion foreign exchange reserves, the world's largest, in dollars and is the United States' biggest foreign creditor.
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