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China trying to avoid currency war - G20 negotiator

Published 10/12/2010, 10:39 PM
Updated 10/12/2010, 10:44 PM

SEOUL, Oct 13 (Reuters) - China is making efforts to avoid a currency war, but issues on any specific currency should not be treated as an agenda at G20 meetings, a Chinese G20 negotiator said on Wednesday.

Cui Tiankai, a vice foreign minister who is China's key G20 negotiator, said Beijing was "trying to avoid" a currency war, in response to a question from journalists, but did not elaborate.

He also said China had no specific target level for the yuan and that the yuan's recent appreciation had nothing to do with pressures from the United States or any other country. (Reporting by Cheon Jong-woo; Writing by Yoo Choonsik)

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