Peterson's Hufbauer Interview on U.S.-China Ties, Yuan

May 11 (Bloomberg) -- Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics in Washington, talks about U.S.-China relations and China's currency policy. China said it faces challenges from rising consumer prices and will maintain a "prudent" monetary policy, according to a statement released yesterday following the annual Strategic and Economic Dialogue with U.S. officials. Hufbauer speaks to Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)