Friday, September 24, 2010

Obama tells Wen China must do more on currency

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US President Barack Obama told Chinese Premier Wen Jiabao Thursday China must do more to revalue its yuan currency, in a "candid" two-hour meeting, which did not appear to shift Beijing's position.
The president cited recent US complaints in the World Trade Organization against allegedly unfair Chinese trade practicies as evidence of his determination to act to protect American interests, a senior official said.
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