Roubini: Don't Expect A US-China Strategic Alliance Anytime Soon

10/16/2009 05:12 am ET | Updated May 25, 2011

American and Chinese officials said all the right things during this summer's inaugural round of their Strategic and Economic Dialogue. President Barack Obama pledged to "forge a path to the future that we seek for our children." Chinese State Councilor Dai Bingguo wondered aloud whether America and China can "build better relations despite very different social systems, cultures and histories." He answered his own question, in English, with a "Yes we can."

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