Chinese officials have been in Washington this week for high level talks. China says it will let U.S. banks sell mutual funds and provide other financial services. But once again, China resisted pressure to let its currency rise faster.
Copyright ? 2011 National Public Radio?. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.
RENEE MONTAGNE, host:
NPR's business news starts with the U.S. and China talking trade.
(Soundbite of music)
MONTAGNE: China has agreed to lower trade barriers for American companies. Officials from the two countries have been in Washington this week for high-level talks. China says it will let U.S. banks sell mutual funds and provide other financial services. U.S. financial companies have been lobbying hard for that.
But there was little progress on the currency issue. Once again, China resisted pressure to let its currency rise faster.
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Source: http://www.npr.org/2011/05/11/136197815/business-news?ft=1&f=3
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