Tensions over China’s Yuan currency and sovereignty in the South China Sea have overshadowd a summit involving the US, China and other nations in Indonesia.
President Barack Obama told Chinese Premier Wen Jiabao that the United States wanted to ensure sea lanes in the region were kept open and peaceful. They maritime routes are vital for trade and are a long-standing source of dispute between countries with competing sovereignty claims.
Obama and Wen are said to have discussed their differences over the yuan in a meeting on the sidelines of the East Asia Summit. Washington
has criticised Beijing’s currency policy, which it says keeps down the value of the yuan to boost exports, but costs American jobs.