Bush to press Hu on 'low' yuan
9 November 2005
US President George W Bush will press China to employ a more market-driven currency system when he meets President Hu Jintao Saturday November 19, AFP reported. Despite rising concern in the US and Europe over the supposedly undervalued RMB, what little market fluctuation allowed under the "managed float" system has been slight in recent weeks, Bush will also call on China to act more aggressively on enforcing intellectual property rights.
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