China says inappropriate to target trade deficits at G20 By Reuters

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China says inappropriate to target trade deficits at G20

Published Nov 04, 2010 10:32PM ET

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China says inappropriate to target trade deficits at G20

BEIJING, Nov 5 (Reuters) - Any discussions to set specific targets for trade deficits at the upcoming G20 meeting would not be appropriate, a vice Chinese foreign minister said on Friday.

Cui Tiankai, China's key G20 negotiator, made the remarks at a briefing for the upcoming G20 summit in Seoul next week.

He also rejected any attempts by other countries to set a target trading range for yuan appreciation, saying that would amount to forcing China to manipulate its currency. (Reporting by Zhou Xin and Simon Rabinovitch; Editing by Ken Wills)

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