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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.