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Post by bot on Oct 26, 2011 7:25:57 GMT -5
China must let yuan rise, lower barriers: Treasury WASHINGTON (MarketWatch) -- China must let the value of its currency rise, lower barriers to foreign goods and crack down on intellectual property theft to have a better economic relationship with the United States, U.S. Treasury Undersecretary for International Affairs Lael Brainard told a House panel on Tuesday. "We have actively pressed China to accelerate the pace of reform in order to achieve more balanced growth and create fairer competition, and there has been some progress, but there are strong interests within China that favor a go-slow approach," Brainard told members of the House Ways and Means Committee in prepared testimony.
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