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Hue Mi
11-21-2013, 05:13 AM
The White House again urged China to move toward a currency rate is determined by market forces (http://www.sotaliraq.com/business.php?id=7589)

20-11-2013 | (Voice of Iraq)- add a comment -Washington (Reuters)

The White House renewed pressure on China on Wednesday to move towards foreign exchange rate determined by market forces and strengthening the protection of intellectual property rights of US companies.

In a speech at Georgetown University, said Susan Rice, national security adviser to the White House that u.s. President Barack Obama will travel to Asia next April to tour was canceled in October because of the US budget crisis.

Rice said that the United States will continue to insist that Beijing achieved significant progress to improve the climate for bilateral trade such as currency rate based on market forces and open the Chinese market more to us goods and services and strengthening the protection of intellectual property rights of US companies.

Rice said the electronic espionage damage China is taking action to curb "this behavior will undermine the economic relationship that will benefit both our countries."

(By Wajdi Al-Alfi for Arabic)