China-EU Talks End With Little Progress |
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November 30, 2009
Chinese and European Union leaders appeared to bridge few differences over currency, climate and market access in a round of high-level talks that ended Monday in this eastern Chinese city.
Chinese and European Union leaders appeared to bridge few differences over currency, climate and market access in a round of high-level talks that ended Monday in this eastern Chinese city.
The two-day China-EU summit was billed as a chance for the two major trading partners to tailor exit policies from a year of global recession, as well as an opportunity to refine positions ahead of the Copenhagen conference on climate change. Neither effort appeared to make much progress, and instead the two sides traded barbs over those issues plus others like development strategies and human rights.
EU officials pressed their argument that Beijing could loosen the yuan's rigid exchange rate against the U.S. dollar to help rebalance the world financial system.
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