Barack Obama, Beijing | featured news

(Image from article: "U.S. backs off in currency dispute with China")

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Beijing is wary of Obama's assertive China policy

Beijing's public response to President Barack Obama's more muscular China policy has been muted, but behind the scenes the U.S. president's moves to contest rising Chinese power.

U.S. backs off in currency dispute with China

The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency that would have caused new frictions between the world's only superpower and its largest creditor.

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