US officials said they will push for firmer commitments at the forthcoming G20 meeting in Seoul to correct global economic imbalances, but played down the chance of a rapid resolution of tensions over China’s currency.
Speaking on Monday ahead of next week’s meeting of G20 heads of government in South Korea, Mike Froman, the White House deputy national security adviser and working-level representative to the grouping, said it was a chance for incremental change.
“We do not expect the China currency issue or the imbalance issue to be solved once and for all in Seoul,” he said. “This is part of an ongoing effort.”
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