G20 finance ministers agree to avoid global currency war

BEIJING - Vice-Premier Wang Qishan held talks with US Treasury Secretary Timothy Geithner on economic ties on Sunday after a meeting of the Group of 20 finance ministers in South Korea vowed to avoid a global currency war.

The impromptu meeting between Wang and Geithner, who are designated special representatives of their respective presidents on economic issues, also covered preparations for the Seoul G20 summit scheduled for Nov 11-12, according to a Xinhua News Agency report, which did not elaborate.