G-20 refuses to back US push on China’s currency
SEOUL, South Korea (AP) – Leaders of 20 major economies on Friday refused to back a U.S. push to make China boost its currency’s value, keeping alive a dispute that raises fears of a global trade war amid criticism that cheap Chinese exports are costing American jobs. A joint statement issued by the leaders including President Barack Obama and China’s Hu Jintao tried to recreate the unity that …
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