Monday, August 15, 2011

Biden, Tuesday August 16th ~ China ~ U.S. VP Biden to press China on currency during trip ...

August 15, 2011

U.S. VP Biden to press China on currency during trip

U.S. Vice President Joe Biden will continue to press China to revalue its currency during his trip there this week, a U.S. official said on Monday.

U.S. Treasury Under Secretary for International Affairs Lael Brainard said China's currency remained undervalued but progress had been made.

Biden leaves for China on Tuesday.