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China backs exchange rate reforms but no timetable
China promised currency reforms Monday as it opened a high-level dialogue with Washington but said it will decide the pace and pressed for an end to U.S. curbs on high-tech exports.

President Hu Jintao made the pledge at the start of the two-day meeting, apparently trying to defuse a key irritant as officials began wide-ranging talks on financial market reforms, trade and reviving global growth.

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