Obama Tells Hu Chinese Currency Undervalued

Wednesday, 19 Jan 2011 01:56 PM

 

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WASHINGTON  - U.S. President Barack Obama said he told Chinese President Hu Jintao on Wednesday that China's currency is undervalued and should be increasingly driven by markets.

Obama told a joint news conference that the United States and China have a responsibility to tackle climate change and build on international pledges made at summits in Copenhagen and Cancun.

 

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