On another contentious issue, Obama said that the United States continues to believe that China's currency is undervalued, making Chinese imports cheaper in the United States and U.S. goods more expensive in China. He said Hu has been moving toward a market-based system, "but it's not as fast as we want."
"President Hu's concerned, understandably, about how rapid this transition takes and the disruptions that may occur," Obama said as his Chinese counterpart stood beside him in an elegant East Room crammed with media and dignitaries. "But I'm confident that it's the right thing to do."
"President Hu's concerned, understandably, about how rapid this transition takes and the disruptions that may occur," Obama said as his Chinese counterpart stood beside him in an elegant East Room crammed with media and dignitaries. "But I'm confident that it's the right thing to do."
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