The need to cut China’s huge balance of payments surplus to fend off U.S. pressure for a stronger yuan is probably high on the agenda of a key meeting of Chinese leaders that began on Tuesday, economists and government sources said. President Hu Jintao and Premier Wen Jiabao are expected to attend the annual Central Economic Work Conference, which will set the course of policy for 2006. The closed-door meeting usually lasts 3 days. Full Story
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