China's currency policy is unlikely to be a major issue at this week's China-US high level dialogue, as pushing too hard over yuan appreciation would do little to break the stalemate. This is according to Li Daokui, a central bank adviser.

China received much attention earlier this year over the value of its currency. The US now seems less compelled to press China over yuan appreciation as it is eyeing a broader cooperation framework with the country. Clean energy will be a major area in which the US wants to make a breakthrough in China.

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