Clinton to address world economy in Hong Kong

WASHINGTON (AFP) – US Secretary of State Hillary Clinton said Tuesday she will address the global economic situation and American competitiveness in a pair of speeches including one in Hong Kong in late July.

“In Hong Kong later this month, I’ll be speaking about the rules and values that support our global economic order,” the top US diplomat told the annual conference of the Washington Global Leadership Coalition.

“And this fall, I plan to give a larger address on economics and America’s strategic choices,” Clinton said during a speech about the US foreign policy tools available to help create jobs in the United States.

On Friday, Clinton begins a tour that will take her to Turkey, Greece and India through July 20. The State Department has not announced further travel dates at this point.

The world’s two largest economies, the United States and China, have been at odds over exchange rates, with Washington urging Beijing to let China’s currency, the yuan, appreciate.

The US economy suffers from a huge trade deficit with China to the tune of $273 billion in 2010.

American lawmakers are presently in a bitter dispute over whether to raise the US debt limit, a move that President Barack Obama’s administration says would avert a catastrophic default.

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