US-China talks will include currency issues

WASHINGTON (AP) -- Administration officials say they will urge the Chinese to continue allowing their currency to rise in value against the dollar and to avoid raising protectionist trade barriers amid the global economic crisis.

Treasury Undersecretary David McCormick told reporters the Bush administration believes need for China to pursue currency reform "is as important now as it has ever been."

Treasury Secretary Henry Paulson will lead a delegation of top Cabinet officials to Beijing for talks on Thursday and Friday. Officials say President-elect Barack Obama's team has been keep fully informed on the discussions.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2016 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 35315019 -
Gray Television, Inc.