Treasury Secretary Timothy F. Geithner will meet with Chinese Vice Premier Wang Qishan in Beijing on Thursday in a sign that relations between the U.S. and China are improving. The New York Times reports that the last-minute meeting comes amidst a currency-rigging dispute between the two countries. China keeps its currency, the renminbi, pegged to the U.S. dollar at a fixed exchange rate of about 6.827, a policy that congressional critics say artificially supports Chinese exports and penalizes American industry.
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