China Refuses to Make Commitments on Exchange Rate – Ariana Eunjung Cha

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:

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