Promises “not to use exchange rates for competitive purposes.”
A weaker yuan might disrupt Chinese efforts to shore up cooling economic growth.
Tightly controlled yuan has lost almost 10 per cent of its value against the US dollar this year.
Emphasized the shared interests of the world’s two biggest economies.
Other countries want Beijing to ease controls that gave Chinese exporters an unfair price advantage.
But Beijing says it’s aimed at making the tightly controlled currency more market-oriented.