G7 placating US public opinion?

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“Other G7 officials said privately that the communiqué was more a bid to placate domestic US public opinion than a genuine attempt to engage with the Chinese authorities. A senior G7 official said there was resistance to treating China as the “root of all evil” and the country was very unlikely to succumb to public international pressure to revalue its currency.”

US and UK undermine exchange rate consensus,” by Alan Beattie and Christopher Swann in Dubai, Published: September 21 2003, The Financial Times Ltd

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