For the last three days United States President Barack Obama has been meeting with Chinese President Hu Jintao (also head of China’s Communist Party) and Chinese Premier Wen Jiabao mainly to voice the U.S. opinion that Beijing keeps the value of their currency to low. The purpose was to hopefully spark a future Chinese policy reform that will bring the value of the Yuan currency up, no longer placing competitors at a disadvantage or disrupting the flow of the global economy. A small amount of the discussion was also expected to touch on nuclear policy related to Iran and North Korea. You can read the full article written by Chris Buckley on the Reuters website.
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