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Biden Brings Message of Reassurance on U.S. Debt to China’s Xi

Vice President Joe Biden begins four days of meetings, meals and tours with his Chinese counterpart today amid persistent tensions between the world’s two biggest economies over trade and currency.

The vice president, who landed in Beijing yesterday, will seek to allay concerns being expressed in China -- the biggest foreign holder of U.S. Treasuries -- that the deficit deal struck by Congress and the Obama administration earlier this month doesn’t go far enough to rein in the nation’s long-term debt and that U.S. growth will stall. Today he meets with Vice President Xi Jinping, who is set to begin assuming power from President Hu Jintao next year.