China Agrees To Lower Trade Barriers For U.S. Firms Chinese officials have been in Washington this week for high level talks. China says it will let U.S. banks sell mutual funds and provide other financial services. But once again, China resisted pressure to let its currency rise faster.
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China Agrees To Lower Trade Barriers For U.S. Firms

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China Agrees To Lower Trade Barriers For U.S. Firms

China Agrees To Lower Trade Barriers For U.S. Firms

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RENEE MONTAGNE, host:

NPR's business news starts with the U.S. and China talking trade.

(Soundbite of music)

MONTAGNE: China has agreed to lower trade barriers for American companies. Officials from the two countries have been in Washington this week for high-level talks. China says it will let U.S. banks sell mutual funds and provide other financial services. U.S. financial companies have been lobbying hard for that.

But there was little progress on the currency issue. Once again, China resisted pressure to let its currency rise faster.

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