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November 2, 2010

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US Expects No Yuan Solution At G20

THE White House does not expect issues concerning China's currency to be solved "once and for all" at this month's G20 summit in South Korea, Mike Froman, President Barack Obama's deputy national security advisor for international economic affairs said yesterday.

The United States has accused China of keeping the yuan "artificially low" to fuel a flood of cheap exports.



 

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