Reuters reported that the United States and China recently appeared to take a step back from mounting criticism of each other economic policies, but Beijing made clear it was still wary of Washington latest move to print more money.
The less confrontational tone emerged after a two day meeting of Asia Pacific finance ministers who gave their backing to last month Group of 20 agreements to shun competitive currency devaluations and be vigilant against volatile exchange rate movements.
The meeting in the ancient Japanese capital Kyoto came amid growing criticism from a number of countries, notably China and Germany, of US monetary policy and its proposals to solve economic imbalances.