The US Finance Minister Said He Would Press China In High-Level Talks.

< p > Beijing time July 2nd morning news, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > US < /a > Finance Minister Jack Lu said on Tuesday that he will press China in the high-level talks scheduled for next week, asking China to allow the yuan to continue to rise in value.

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"P >" in the past many years stable a href= "http:// www.sjfzxm.com/news/index_c.asp" > appreciation < /a >, China said that the value of the renminbi has now been determined by the market, some economists questioned whether the authorities have stopped raising the RMB exchange rate.

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Although many economists still believe that the value of the renminbi does not fully reflect market forces, some economists suggest that the US government should take other trade incentives as a priority consideration. P

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< p > but Jack Lu, speaking at an executive meeting of the Chinese Business Council sponsored by the US Business Council, said that the sustained growth of China's foreign exchange reserves is already evidence that the Chinese government is still setting an upper limit for the value of the renminbi.

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< p > he said that the Chinese government needs to provide more pparency to its "a href=" http:// www.sjfzxm.com/news/index_c.asp "foreign exchange reserve < /a > level, which should be an initial step in China's market reform.

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< p > Jack Lu also pointed out that he would consult with the Chinese finance minister on more issues in the high-level talks between China and the United States next week, including better market access to American enterprises and greater enforcement of law on intellectual property protection.

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< p > but Jack Lu also tried to guide market participants in anticipation of the strategic and economic dialogue between the US and China, saying that for a country like China, reform will take time.

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< p > he said, "a country can never be completely open without opening up.

Most enterprises should recognize the value of this gradual process because they see the size of the Chinese economy. "

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