Tuesday, Jul. 06, 2010

China

Leaders: President Hu Jintao and Premier Wen Jiabao

What Obama wants: Sweeping help on Iran, North Korea and currency issues.

What Hu and Wen want: Nothing, actually.

Outlook: Next to hopeless. There will likely be more small Chinese accommodations (like the recent agreement to adjust the yuan), but the People's Republic can wait out Obama on every issue, and there isn't much he can do about it.