China to look positively on Paulson talks

China promised on Monday 11 December to respond positively to the US in talks this week but said its exchange rate is a matter of national sovereignty.

U.S. Treasury Secretary Henry Paulson, who is leading a high-level delegation to China this week, warned Beijing on Friday that the world was growing impatient for economic and currency reforms.

Following up on Monday in an article he wrote in the Washington Post, Paulson added: "The United States believes China can do more to reduce its trade s

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