EU-China Joint Statement Doesn't Mention Yuan Issue
European officials said Sunday they pressed their Chinese counterparts during the summit to allow the yuan to appreciate against the euro, and discussed a range of other macroeconomic issues such as the coordination of a global exit from stimulative economic policies.
But the fact the final joint statement didn't mention the yuan suggests the European officials have conceded that little progress can be made in pushing the yuan higher in the near term.
China and the E.U. also said in the statement they will promote cross-investment.
"To effectively address the current economic and financial crisis, the two sides agreed to step up efforts to promote trade and investment and increase effective market access," according to the statement.
-By Joy C. Shaw, Dow Jones Newswires; (86-21) 6120-1200; joy.shaw@dowjones.com
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Publié le 30 novembre 2009 Copyright © 2009 Dowjones
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