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U.S. Wants Progress on China Currency

Thursday, April 14, 2005 12:16:32 PM
By JEANNINE AVERSA

IMF Managing Director Rodrigo de Rata speaks during a news conference for the Spring Meeting of The Worldbank Group and International Monetary Fund on Thursday, April 14, 2005, in Washington. Financial leaders will grapple with expanding debt relief for poor countries and global fallout from high energy prices when the world's economic powers gather and the 184-nation World Bank and International Monetary Fund meet this weekend.  (AP Photo/Kevin Wolf)WASHINGTON (AP) - Financial leaders will grapple with expanding debt relief for poor countries and global fallout from high energy prices when the world's economic powers gather this weekend at meetings of the World Bank and International Monetary Fund.

U.S. officials expressed hope on Thursday that progress also would be made in encouraging China to overhaul its currency system. They insisted this goal wouldn't be harmed by the decision of top Chinese officials not to attend the meetings.

John Taylor, the Treasury Department's point person on international matters, said previous meetings with China on the currency issue have been "very productive." China has attended the past two meetings held by the world's richest countries.


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