China Sees Gradual Yuan Reforms

Secretary of State Hillary Rodham Clinton's task isn't easy: coax a reluctant Beijing to back a tough international response to North Korea’s sinking of a South Korean warship, even while keeping the Chinese on board for new United Nations sanctions against Iran.At US-China security talks in Beijing, Secretary Clinton said Monday that China’s leaders “recognize the gravity of the situation we face” in the mounting tension between the two Koreas. But she stopped short of suggesting Beijing is ready to support punitive measures against Pyongyang over its apparent torpedoing of South Korea’s Cheonan in March.