Financial Times FT.com

Paulson urges Beijing to keep its currency strong

By Geoff Dyer and Jamil Anderlini in Beijing

Published: December 6 2008 02:00 | Last updated: December 6 2008 02:00

The US urged China yesterday not to "roll back" the appreciation of its currency to boost exports.

Hank Paulson,US Treasury secretary, said the main reason for job losses among Chinese exporters was slowing global demand, not currency appreciation.

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