xianghe

United States Treasury Secretary Henry Paulson came away from two days of talks on Thursday convinced that China sees the need for a stronger yuan. Although the grand-sounding ”strategic economic dialogue” apparently produced slim pickings, Paulson said it provided a sound foundation on which to expand cooperation.

High oil prices are among the biggest threats to the global economy and more needs to be done to increase oil production, refining capacity and investment, top financial officials of the world’s leading economies said on Sunday. The Group of 20 wrapped up two days of meetings in the outskirts of Beijing.