The Group of 20 met over the weekend and agreed on some guidelines that could help identify some economic and financial developments that would create problems for the rest of the world. They particularly aimed blamed at China because China has accumulated currency reserves in US dollars, which helps hold down the value of their currency, the renminbi, and run up large trade surplus. French Secretary of Treasury, Timothy Geithner, said that china's currency is still, "substantially undervalued."
http://www.nytimes.com/2011/02/20/business/global/20euro.html?ref=world&pagewanted=print
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