Economics

U.S. Treasury Chief Has a New Phone-Friend on Yuan in China

  • Top economic adviser discusses China currency policy with Lew
  • U.S. realizes it should `call the Xi advisers,' professor says
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Days after China executed a currency devaluation in August, U.S. Treasury Secretary Jacob J. Lew spoke with a senior Chinese official about the surprise shift.

It was one of a number of calls and meetings with Vice Premier Wang Yang last year as Lew engaged on policy changes with his Chinese counterpart around the bilateral Strategic and Economic Dialogue gathering.