Mr Paulson said China and the US had agreed to "take measures to address global imbalances through greater national savings in the United States, and to increase consumption and exchange rate flexibility in China".
However, Mr Paulson and his high-powered delegation failed to agree a firm timetable for a further strengthening of China's yuan.
His opposite number, Vice Premier Wu Yi, described the talks as useful "to build mutual understanding," but did not comment on the currency issue herself.....
http://news.bbc.co.uk/2/hi/business/6181861.stm
12-15-2006, 10:57 AM
High Powered US Delegation get Brush Off from China
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