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Broad discussions for Geithner in China

Treasury Secretary Timothy Geithner testifies before the Senate Banking, Housing and Urban Affairs Committee about efforts to reform the U.S. housing finance market on Capitol Hill in Washington on March 15, 2011. UPI/Roger L. Wollenberg
Treasury Secretary Timothy Geithner testifies before the Senate Banking, Housing and Urban Affairs Committee about efforts to reform the U.S. housing finance market on Capitol Hill in Washington on March 15, 2011. UPI/Roger L. Wollenberg | License Photo

WASHINGTON, March 26 (UPI) -- U.S. Treasury Secretary Timothy Geithner's upcoming trip to China will cover broad economic issues, the department said.

The trip to Nanjing, China, announced this week, will include discussions on "the global outlook and the economic relationship between the two countries," the Treasury announced.

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The Hill newspaper said Saturday that the March 31 trip comes on the heels of the Treasury's decision in February not to list China as a currency manipulator, which would give Congress permission to impose trade sanctions designed to overcome an imbalance in Chinese and U.S. currencies.

Geithner has frequently said China's currency is undervalued, which gives Chinese goods a considerable economic edge in the U.S. market and makes U.S. goods more expensive in China.

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