RealNews

Bush tells China to increase value of its currency

President Bush Thursday told Chinese Vice-Premier Wu Yi the United States will be closely watching to see if China allows its currency to rise against the dollar. President Bush made clear that he greatly values the deepening U.S.-China trade relationship. But he emphasized the need to remedy an imbalance that is deeply in China’s favor. He also stressed the need for China to loosen its strict control of the currency and allow it to rise against the dollar. Full Story

OODA Analyst

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