Top U.S. and China economic officials will meet in Washington in early May for the next round of bilateral strategic and economic talks.
The two world’s biggest economies will discuss differences over trade and currency policies, says the U.S. Treasury Department.
Tension however is expected in next month’s talks as the U.S. is expected to continue to press China to allow China’s currency to appreciate at a faster pace and lower barriers to U.S. imports.
The European Union and the U.S., China’s major trading partners, have raised concerns that the Chinese government has been engineering an economic strategy that gives advantage to the country’s manufacturers, by keeping its currency artificially low to help exporters sell products or services abroad.
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Source: Bernie Felix | International Business Times