Lalit K Jha

Washington, May 6 (PTI) The Obama Administration will push Beijing to let the yuan strengthen faster at next week's US-China Strategic and Economic Dialogue, as well as call for implementation of an agreement on intellectual property rights, a top US official said.

The US will also try to persuade Beijing to make it easier for foreigners to make portfolio investments in China.

"Next week, we are going to press China to let its exchange rate adjust at a faster pace to correct its still substantial undervaluation," said David Loevinger, the Senior Coordinator and Executive Secretary for China and the Strategic and Economic Dialogue (S&ED).

"We're going to press China to implement the important agreements achieved between President Hu and President Obama on protecting intellectual property rights in China and delinking government procurement from innovation policies," he told reporters at a news conference here.