The G20's top points of contention

By , Correspondent

3. Currency squabbles

Part of the quest for current account targets is to stem a brewing currency war between the US and China. Currency value was a hot topic at advance G20 meetings held in late October and will hover in the background during this gathering, too. The US has asked China to let its currency value rise (it claims China is keeping its currency value unnaturally low) in order to make US goods cheaper, relatively, and increase demand for US exports. China has not been receptive to the idea.

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