From Deutsche Presse-Agentur, via monstersandcritics.com (link):
President Hu Jintao made it clear just before a high-profile meeting with President George W Bush: China will not be pressured into helping the United States slim its huge trade gap.
Hu’s rebuff of US calls to make China’s currency more expensive could hardly have surprised Bush, who was hosting Hu for talks and lunch at the White House on Thursday.
Still, the Chinese leader’s remark Wednesday was a rare moment of assertiveness on a visit designed to showcase booming commercial ties and minimize public differences over issues such as Iran, North Korea and human rights in China.
See also “China’s Leader Arrives in Capital for Talks With Bush” from the New York Times and “Bush Urges China to Help Resolve Iran, North Korea Disputes” from the Washington Post.