US urged not to harp on currency issue at talks
By Wu Jiao | China Daily | Updated: 2008-12-03 07:38
It is unreasonable for the United States to keep pressing China on currency appreciation because both sides may lose out amid the current global financial meltdown, analysts have said.
The topic is expected to figure prominently in the two-day Strategic Economic Dialogue (SED) which begins tomorrow in Beijing.
While the yuan has risen nearly 20 percent against the greenback in the past three years, the appreciation has stalled since July, as Beijing tries to help struggling exporters hit hard by weakening foreign demand survive the crisis, experts said.
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