US Treasury Secretary Timothy Geithner is to pay a visit to China at a period of tension amongst these 2 nations due to the worth of China's currency, the yuan. Mr Geithner is owed to discuss about mutual financial subjects along with the Vice Premier, Wang Qishan, in the docks of Qingdao.

US officials have expressed that China is maintaining the value of the yuan unnaturally down to create its exports more spirited. Beijing has discarded the accusation. On Saturday, G20 finance ministers stated that they shall avoid such strategies. At a conference in the South Korean city of Gyeongju, they as such consented to alteration at the International Monetary Fund (IMF), passing chief developing nations more of a say.

Mr Geithner's visit happens after a last-minute call from Mr. Wang. On Saturday, the treasury secretary expressed that the G20 conference had settled that a “steady appreciation" in the currencies of chief trade-surplus countries was needed.

Nations comprising with significant underrated exchange rates dedicated to shift towards more market-determined exchange-rate method that reveals financial fundamentals, as China is currently performing.