From The Washington Post:
China today declined to make any firm commitments regarding changes to its exchange rate, despite continuous pressure from U.S. officials over two days of high-level strategic economic talks.
Chinese officials did say they would look into possible reforms.
But the first U.S.-China strategic economic dialogue, which included at least six Cabinet members and their Chinese counterparts, concluded very much as it began: with a vow to continue to talk some more.[Full Text]
-Also read Bernanke calls for renminbi revaluation from Financial Times: