U.S. President Barack Obama said Wednesday he had chosen Commerce Secretary Gary Locke to be the next U.S. ambassador to China, replacing Jon Huntsman, a Republican who is stepping down and mulling a run for the presidency.
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EU envoy nudges China on yuan
A faster appreciation of the Chinese yuan by Beijing would be “appropriate,” the head of the European Union delegation to the U.S. said Friday.
EU Ambassador Joao Vale de Almeida said there is greater potential for collaboration between the U.S. and Europe, particularly in Group of 20 nation negotiations, to press more rapid reform of China’s currency to a market-based rate.
