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US hopes for China deals on flights and pollution control

WASHINGTON (AP) — The Bush administration said on Friday it hopes for agreements on airline flights, use of US pollution-control technology and other subjects when a high-level delegation from China visits next week for a second round of talks aimed at lowering trade tensions.Alan Holmer, the president's special envoy for China, said that the administration hoped to strike deals increasing the number of commercial airline flights between the two nations, both for air cargo and passengers, and improving energy efficiency in China through the use of US technology to control pollution.

The administration is also pushing for a deal that would allow US financial service companies and other foreigners to buy stakes of up to 49 percent in Chinese banks, up from a current 25 percent cap. The administration would also like the Chinese to relax limits on foreign ownership of Chinese securities firms.