G20 summit to reach consensus on currency closing

G20 summit concluded in Seoul, the leaders in the exchange rate and reach a consensus on resolving trade imbalances.

The two-day G20 summit in Seoul, the communiqué issued after the show, it was agreed to avoid competitive exchange rate depreciation, and come up guidelines to address the trade imbalance.

Bulletin commitment next year to reach a global trade agreement to make efforts.

However, China and the United States in the exchange rate and trade disputes to the G20 summit overshadowed.

Some people worry that the conflict between China and the U.S. could threaten world economic growth.

BBC news reports described the summit, the negotiations between China and tit for tat.

Obama said that currency exchange rates should reflect economic reality. He told the Chinese President Hu Jintao put forward, emerging economies need to allow market-oriented exchange rate.

Obama said the U.S. will pay close attention to the Chinese currency appreciation.

Washington says the yuan is artificially low exchange rate, giving Chinese exports an edge, but also makes Beijing a huge foreign exchange reserves.

Nevertheless, Chinese officials said Beijing had "unwavering" commitment to reform its exchange rate system, but there must be a global economic stability as a prerequisite.

Cameron said the Prime Minister, in addressing some progress on the trade imbalance.

He said that China is slowly expanding domestic consumption and rebalance the economy.

At the same time, G20 leaders to support reform of the IMF, to emerging economies like China a greater say