President Barack Obama and Chinese Premier Wen Jiaba.
US President Barack Obama told Chinese Premier Wen Jiabao that China must do more to revalue its yuan currency, in a “candid” two-hour meeting, which did not appear to shift Beijing’s position.
The president cited recent US complaints in the World Trade Organization against allegedly unfair Chinese trade practicies as evidence of his determination to act to protect American interests, a senior official said.
Washington alleges that China has been treating US steel and electronic payment providers unfairly.