G20 leaders face fractious talks in Seoul

Talks between leaders of the G20 group of major economies are entering their second day in Seoul, with key nations locked in fractious talks.

BBC News
11 November 2010

Leaders are due to publish a final communique on the summit, setting out agreements had made.

But tensions are high between some delegations over how to correct distortions in currency and trade.

Some fear the conflict – primarily between the United States and China – may threaten global growth.

The US has faced criticism from several countries for pumping another $600bn into its economy to try to revive growth through a second round of so-called quantitative easing.

And there are also divisions about China’s currency, the yuan, which Washington says is artificially weak and gives Chinese exporters an unfair advantage as well as leading to Beijing amassing huge foreign reserves.

The article continues at BBC News.

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