Obama calls China's Hu after currency debate: W.House

Beijing reacted angrily last week when U.S. official said that China was manipulating its currency by depressing the value of the yuan.

Obama calls China's Hu after currency debate: W.House
U.S. President Barack Obama telephoned his counterpart Hu Jintao, the White House said on Friday, without giving any details.

Beijing reacted angrily last week when U.S. Treasury Secretary Timothy Geithner told senators at his confirmation hearing that China was manipulating its currency by depressing the value of the yuan to support its exports.

Some U.S. lawmakers, labor groups and manufacturers have long complained that China has intervened to hold the value of its currency artificially low to keep its exports competitively priced.

Reuters
Last Mod: 31 Ocak 2009, 13:50
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