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At a meeting in Chicago, the China-United States Exchange Foundation released a report "U.S.-China Relations in the Next Ten Years'. Chicago Mayor Rahm Emanuel opened the meeting, chaired by CH Tung, the former Hong Kong chief executive, as well as Henry Paulson, the former U.S. treasury secretary. The mood was celebratory, especially after the overnight announcement that the presidents of both countries would be meeting in California in June, sooner than expected.

To read the original article: Lyric Hughes Hale: China's Innovation Hurdle