April 20, 2006
Hu promises more steps on yuan
WASHINGTON (Reuters) - Chinese President Hu Jintao, in a
meeting with President Bush, promised to take more steps to
liberalize the yuan exchange-rate.
Under pressure to allow the yuan to appreciate more to
improve the climate for U.S. exports, Hu said China had already
launched a reform of its yuan policy and "in the future we will
continue to make efforts to improve" the yuan's exchange rate.