No Yuan Deal at US-Chinese Talks – BBC News

From BBC News:

China and the US have ended two days of trade negotiations with very little apparent progress on their key issues of dispute.

China agreed to increase safety standards on exports to the US, prompting Chinese Vice Premier Wu Yi to declare the talks a “complete success”. US Treasury Secretary Henry Paulson said the meetings in China provided a foundation for further co-operation. Yet there was no deal on the yuan and China’s giant US trade surplus. [Full Text]

[Image: The talks failed to reach agreement on the key issues, from Getty Images.]