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 WASHINGTON (AP) - President Bush told a senior Chinese economic minister Thursday that the United States is "watching very carefully" whether Beijing will strengthen the value of its currency.
After a meeting with Vice Premier Wu Yi, the leader of the largest high-level Chinese delegation ever to visit the United States, Bush told reporters the U.S. is "making it clear to China that we value our relationship, but the $233 billion trade deficit must be addressed." Strengthening China's currency, he said, is one way to deal with the deficit.
"This is a complex relationship," Bush said. "There's areas where there's friction, and we've just got to work through the friction."
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