By CHRISTOPHER BODEEN – 5 hours ago
BEIJING (AP)
During the campaign, Obama described China as "neither our enemy nor our friend; they're competitors." He called for broad cooperation with Beijing while repeating the accusation that the trade surplus was stoked by a Chinese currency kept artificially cheap.
The currency has been an especially hot topic in Congress and could arise again as an irritant in relations. On Thursday, a congressional advisory panel recommended Congress enact legislation to pressure Beijing into forcing up the value of the yuan, thereby making Chinese imports more expensive.
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