Report: China currency not manipulated
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The Bush administration said Tuesday that China does not meet the technical requirements of a country that is manipulating its currency to gain unfair trade advantages.
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WASHINGTON (CBS.MW) -- Chinese finance officials repeated Friday their commitment to move toward a flexible, market-based foreign exchange rate but didn&#39;t outline specific plans to do so after consultations with US economic officials Thursday.
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Chinese authorities on Saturday again declined to set out a time-table to make their currency more flexible on the world's money markets and said they had not come under international pressure to revalue the yuan.
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Oil prices held firm on Tuesday as China showed no let-up in its strong import growth and US Gulf producers reported damage to offshore rigs from Hurricane Ivan.
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Group of Seven finance officials are likely to press this weekend for greater currency flexibility in Asia, but analysts doubt China will be singled out to any greater degree than it was in the last meeting.
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A senior Chinese central bank official has warned the United States not to blame other countries for its own economic difficulties, a report said.
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BEIJING/WASHINGTON  - A more flexible yuan would not hold back China's growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
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Business & money: Bush administration shies away from accusing Beijing of manipulating its currency, failing to satisfy increasingly bellicose Congress.
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Record oil prices will not sink the US economy and China is moving toward a more flexible exchange rate that also helps safeguard world growth, a top US Treasury official said on Thursday.
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U.S. Treasury Secretary Henry Paulson   will not demand that China rapidly lift currency exchange rate   controls when he visits, preferring dialogue to protectionist   threats, an official Chinese paper said on Tuesday.
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The spectacular run of China&#39;s stock markets has drawn a barrage of warnings that a sharp correction is imminent, but many analysts believe a downturn will do little economic harm at home and abroad.
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China vowed to move &quot;firmly and steadily&quot; toward a flexible exchange rate during a meeting of Chinese and US officials in Washington Thursday, the US Treasury Department said in a statement.
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WASHINGTON (CBS.MW) -- Finance ministers from the world&#39;s seven richest nations aren&#39;t likely to pressure China on foreign-exchange policy when they meet with Chinese finance officials for the first time as a group in Washington at the end of the week, a
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Interest rate hikes won't slow China's overheating GDP. Expect new controls on investment and credit.
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None of the United States&#39; major trading partners manipulated their currencies to gain economic advantage in the first half of 2004, the US Treasury Department said in a report released on Friday.
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China understands the need for it to  move toward a system of flexible currency exchange rates and  has indicated it is doing so but without specifying a  timetable, a senior U.S. Treasury official said on Friday.
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Sharp falls on the currency markets have not jolted Washington's commitment to a strong dollar, the Treasury says.