President Obama and Chinese Prime Minister Wen Jiabao had an informal meeting after an Asian forum, ended at 19, Nov. in that meeting, it is reported that they talked about China’s currency issue and the territorial dispute on the South China Sea.
In terms of the currency issue, although Western countries and the U.S. have insisted that “China’s currency has been artificially undervalued,” Mr. Wen stated again that its value of the currency was already adjusted and the effort would be continued.
Regarding the territorial dispute between China and other countries including the Philippines, Taiwan, Vietnam and Brunei, Mr. Wen emphasized a refusal on any mediation on this dispute. That territory is believed to possess rich minerals.
http://www.nytimes.com/2011/11/20/world/asia/wen-jiabao-chinese-leader-shows-flexibility-after-meeting-obama.html?_r=1&ref=asia
Natsumi Tsuchiya
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