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INTERVIEW-G20 won't focus on specific currencies-China official

Published 11/10/2010, 01:21 AM
Updated 11/10/2010, 01:24 AM

SEOUL, Nov 10 (Reuters) - The G20 summit will try to address global challenges and should not discuss China's yuan or any other specific currency, China's vice foreign minister said on Wednesday.

"I think there is a broad agreement among G20 members that we should not focus on any particular currency of any particular member, because this is not the root cause of the global economic problems," Cui Tiankai said, when asked whether the yuan will be discussed at the summit.

Cui also told Reuters in an interview that many countries shared concerns about excessive global liquidity following the latest monetary easing by the U.S. Federal Reserves.

He added that the U.S. congress was not a place to comments or take actions on the yuan , while saying that relations between Beijing and Washington remained sound.

Cui, who has been working on the G20 draft communique, said he hoped the summit would deliver "strong signals" on trade protectionism and international monetary system reform. (Reporting by Zhou Xin and Alan Wheatley; Editing by Tomasz Janowski)

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