EU prods China for faster yuan rise

Reuters obtained a draft European Union planning document on August 28 outlining the region’s views on the global economy, China’s yuan currency and other hot-button issues, providing an exclusive glimpse into the thinking of policymakers just one week before a G20 planning meeting. The document showed some impatience with China over the slow pace of its currency appreciation, suggesting that this might become a bigger issue as the Seoul G20 leaders summit, scheduled for November, draws near. The document also indicated that European leaders were feeling upbeat about their own economy but growing increasingly concerned about prospects in both the United States and Japan.