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The U.S. and China have reached a consensus on "many key issues" in the latest round of economic and trade talks, the Chinese Xinhua English reported early Sunday. Details: People’s Bank of China Governor Yi Gang told a news conference during the National People's Congress annual legislative session the two parties discussed how to respect the autonomy of each other's monetary authorities in determining monetary policy, the state-run news agency said. “We stress that we will never use the exchange rate for competitive purposes, nor will we use it to boost China’s exports,” Yi said, according to the Associated Press. Go deeper: U.S.-China trade talks are extended