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B4 BW us china.jpg

Illustration: US/China

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China Currency_Thir.jpg

**FILE** A Chinese clerk counts U.S. dollars in exchange for the Chinese renminbi at a bank in Hefei in central China's Anhui province on June 20, 2010. (Associated Press)

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BLOOMBERG NEWS Jean-Claude Juncker, Luxembourg's prime minister, who also heads the Eurogroup of eurozone finance ministers, welcomed the flexibility decision by China about the yuan.

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China Currency_Lea.jpg

** FILE ** A bank clerk stacks renminbi banknotes at a bank in Hefei in central China's Anhui province in November 2009. (AP Photo/File)

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China Flooding_Lea.jpg

Chinese firemen evacuate a man trapped in the floods in Xiushui, in central China's Jiangxi province, on Sunday, June 20, 2010. Major rivers burst their banks in southern China, triggering massive floods that forced 860,000 to flee their homes, the government said Sunday. (AP Photo)

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Rescuer workers find a body covered in mud at the site of a massive landslide triggered by heavy rains in Pengta Town, Kangding County, Ganzi Tibetan Autonomous Prefecture in southwest China's Sichuan province on Tuesday, June 15, 2010. The landslide occurred at a construction site of a hydroelectric dam early Tuesday morning after heavy rains, the official Xinhua News Agency reported. It said 23 workers were killed and seven wounded when part of a mountain gave way and buried the site. Four workers managed to escape unharmed. (AP Photo)

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china_1018

Rescuers work at the site of a massive landslide triggered by heavy rains in Pengta Town, Kangding County, Ganzi Tibetan Autonomous Prefecture in southwest China's Sichuan province on Tuesday, June 15, 2010. The landslide occurred at a construction site of a hydroelectric dam early Tuesday morning after heavy rains, the official Xinhua News Agency reported. It said workers were killed and wounded when part of a mountain gave way and buried the site. Four workers managed to escape unharmed. (AP Photo)

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china_1017

Chinese rescuers work to pull up a bus devoured by the flash floods in Nanping, in eastern China's Fujian province, on Tuesday, June 15, 2010. At least 24 people are missing after flash floods and landslides triggered by heavy rains engulfed two vehicles, according to state media. (AP Photo)

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china_1016

A Chinese woman mourns a family member killed by flash floods in Nanping, in eastern China's Fujian Province, on Tuesday, June 15, 2010. Dozens of people are missing after flash floods and landslides triggered by heavy rains engulfed two vehicles in Fujian, according to state media. (AP Photo)

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Georgetown was involved in a brawl with the Bayi Rockets in an exhibition game in China on Thursday. Head coach John Thompson III had to pull his team from the court with 10 minutes to play. (Associated Press)

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CHINA2.jpg

**FILE** A woman with car accessories passes by a tire store in Beijing, China, on Sept. 13, 2009. (Associated Press)

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GOOGLE.jpg

** FILE ** A Chinese flag flutters outside Google's China headquarters in Beijing on Friday, Jan. 22, 2010. Google closed its China-based search engine last year after complaining of cyberattacks from China against its e-mail service. (AP Photo/Ng Han Guan)

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China_Climate_Star.jpg

** FILE ** The sun rises behind the construction site of a housing project among the haze clouding the skyline of Shenyang, China, Sunday, Dec. 6, 2009. (Associated Press)

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China_Iran_Thir.jpg

**FILE** Iran's top nuclear negotiator Saeed Jalili (left) shakes hands with Chinese Foreign Minister Yang Jiechi before a meeting on April 1, 2010, at Foreign Ministry in Beijing, China. (Associated Press)

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China's first astronaut, Yang Liwei, was jubilant after the capsule door was opened after his 21-hour space flight in October 2003. China could put someone on the moon within a decade.

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CHINA04A.JPG

**FILE** President Obama stands at attention with Chinese President Hu Jintao at the Great Hall of the People in Beijing on Nov. 17, 2009. (Associated Press)

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**FILE** Chinese army trucks carrying new long-range and cruise missiles are shown off during China's 60th anniversary celebration in October 2009. (Associated Press)

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**FILE** Employees work at a tire factory in Hefei, in central China's Anhui province, on Sept. 16, 2009. (Associated Press)

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ONE IN A CROWD: President Obama — with Recep Tayyip Erdogan of Turkey, Thailand's Prime Minister Abhisit Vejjajiva, Foreign Minister Prince Saud al-Faisal, Silvio Berlusconi of Italy, Hu Jintao of China and Dmitry Medvedev of Russia — backs global financial restructuring. (Getty Images)

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** FILE ** A customer prepares to pay in a poultry market in Fuyang in central China's Anhui province on Wednesday, Jan. 7, 2009. (Associated Press)