WASHINGTON (Reuters): China has launched an intense lobbying effort in Washington to kill legislation that would punish it for its currency system, in the latest display of its more sophisticated approach to influence U.S. policy.
A 12-member "Congressional Liaison Team" inside the Chinese embassy has been meeting with aides to key lawmakers, making phone calls to congressional offices and speaking to the White House on the issue, according to Chinese and U.S. officials.
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