U.S. Treasury Secretary Henry Paulson will leave for China on July 30th to meet with President Hu and Vice Premiere Wu Yi to try to resolve the recent China-U.S. currency problems.
From the Wall Street Journal:
Treasury Secretary Henry Paulson will travel to China at the end of this week, where he plans to discuss trade and currency issues, among other economic topics.
“This trip is part of an ongoing process to strengthen our strategic economic relationship — to address long-term issues such as working with China to rebalance its growth and increase the flexibility of its currency,” Mr. Paulson said in a statement. [Full Text]
[Image: Treasury Secretary Henry Paulson, via wikipedia.org]