{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Vice President Joe Biden arrived in Beijing Wednesday, where he is expected to meet with Chinese Vice President Xi Jinping, who is expected to take over as Communist Party chief next year.' data-url='/boclips/videos/5c54c494d8eafeecae169e31' data-video-url='/boclips/videos/5c54c494d8eafeecae169e31' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nVice President Joe Biden arrived in Beijing Wednesday, where he is expected to meet with Chinese Vice President Xi Jinping, who is expected to take over as Communist Party chief next year.\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHEADLINE: Raw Video: Biden arrives in ChinaCAPTION: Vice President Joe Biden arrived in Beijing Wednesday, where he is expected to meet with Chinese Vice President Xi Jinping, who is expected to take over as Communist Party chief next...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE: Raw Video: Biden arrives in China\u003cbr/\u003eCAPTION: Vice President Joe Biden arrived in Beijing Wednesday, where he is expected to meet with Chinese Vice President Xi Jinping, who is expected to take over as Communist Party chief next year. (Aug. 17)\u003cbr/\u003eChinese commentators are marking a visit by Vice President Joseph Biden by offering a struggling United States advice: Stop flooding your economy with cheap credit.\u003cbr/\u003e   The prescriptions awaiting Biden, who arrives in Beijing later Wednesday, range from cutting government budget deficits to fighting poverty.\u003cbr/\u003e   While similar to the advice of Western analysts, the comments are unusually pointed for China where communist leaders say governments should stay out of each others'' affairs, and show the shifting fortunes of the two powers.\u003cbr/\u003e   \"The United States has entered a long period of decline,\" wrote economist Xia Bin, who advises China''s Cabinet and central bank, on his blog.\u003cbr/\u003e   The main purpose of Biden''s mission is get a better bead on Vice President Xi Jinping, who is expected to take over as Communist Party chief next year and will visit Washington later this year. Biden is also expected to get an earful on Tibet and Taiwan, the democratic island Beijing claims and which Washington provides arms to. But Chinese worries about the U.S. economy are the subtext for the five-day visit.\u003cbr/\u003e   Beijing''s biggest fear is a possible third round of bond-buying by the Federal Reserve, known as quantitative easing or QE. It is supposed to push down interest rates and boost investment by injecting money into the economy, but Beijing worries that it will boost prices of commodities traded in dollars, fuel inflation and erode the value of its $1.2 trillion in Treasury debt.\u003cbr/\u003e   \"The U.S. should refrain from launching QE3 and tighten its monetary policy to raise the world''s confidence in the dollar,\" the chairman of state-owned Bank of China, Xiao Gang, wrote Wednesday in China Daily, an English-language newspaper aimed at foreign readers.\u003cbr/\u003e   Beijing has repeatedly appealed to Washington to protect foreign investors and the dollar. It has avoided publicly making specific demands but this week''s commentaries in the entirely state-controlled press make clear what it wants to see.\u003cbr/\u003e   \"China has much at stake over U.S. economic policy changes and a stable U.S. dollar,\" the official Xinhua News Agency said. Resolving economic problems in a \"responsible manner\" would improve U.S.-Chinese relations, it said.\u003cbr/\u003e   Other governments complain earlier Federal Reserve efforts to reduce interest rates prompted investors to move money to developing economies in search of higher returns, pushing up the value of their currencies and prices of their exports.\u003cbr/\u003e   China''s own government debt is low compared with those of the United States, Japan and European countries, even after a huge stimulus that helped it rebound quickly from the 2008 global crisis.\u003cbr/\u003e   The press campaign also might help Beijing diffuse criticism it faces from some Chinese in comments posted on Internet sites questioning its decision to invest so much of its $3.2 trillion in foreign reserves in Treasury debt. Treasurys are seen as one of the lowest-risk assets but the recent debate in Washington over raising the government debt limit and downgrade of the U.S. credit rating caused alarm in China.\u003cbr/\u003e   \"By focusing concern on the failures of U.S. policymaking, as China sees it, Chinese officials are able to deflect attention from their own part in creating some of the global imbalances and the decision that lay entirely in their hands to invest so much in U.S. Treasurys,\" said Capital Economics analyst Mark Williams.\u003cbr/\u003e   Beijing faces its own debt problem after it disclosed that local governments owe $1.6 trillion in bank loans that paid for public works and other expenses. But analysts say high economic growth means it should be easily manageable.\u003cbr/\u003e   Bank of China''s Xiao and other commentators said Washington should focus on longer-term reforms to cut its budget and trade deficits, raise savings and create jobs.\u003cbr/\u003e   \"They should set out to solve the poverty issue,\" a researcher at Peking University''s Development Research Institute, Xu Jianguo, wrote in the Global Times, published by the Communist Party flagship newspaper People''s Daily.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv 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