Paulson: China must speed money reform
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Treasury Secretary Henry Paulson told Congress on Wednesday that the Bush administration was doing all it could to get China to move more quickly on currency reform in the face of a soaring U.S. trade deficit.
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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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BEIJING -- The deputy governor of China's central bank said it could take "a couple of years" to loosen controls on the value of the nation's currency, despite exhortations by the Bush administration to move quickly so that Chinese exports lose some of their low-price advantage.
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WASHINGTON -- For the sake of the global economy, China needs to accelerate the pace of currency reform and overhaul its economy to be less dependent on exports, Treasury Secretary Henry Paulson said Wednesday.
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WASHINGTON -- Treasury Secretary Henry Paulson told Congress on Wednesday that the Bush administration was doing all it could to get China to move more quickly on currency reform in the face of a soaring U.S. trade deficit.
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U.S. Treasury Secretary Henry Paulson said on Monday that China has reached "a crucial juncture" as its economy grows and that a delegation he is leading to Beijing will try to ease strains between the two countries.
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Why go slowly? "You can burn a lot of money in China very fast," a top executive says.
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Treasury Secretary Henry M. Paulson Jr. has enlisted the help of Ben S. Bernanke to press for changes in Chinese economic policies.
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China faced diplomatic pressure from   rich countries on Saturday to let its currency rise faster to   ease imbalances in trade and capital that pose one of the   biggest risks to the health of the global economy.
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U.S. Treasury Secretary Henry Paulson urged China on Thursday to make its currency more flexible as a prelude to a freely floating exchange rate in the medium term.
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China is making some progress but  not enough toward adopting a flexible currency regime and the  Bush administration will push "as aggressively as necessary"  for more, a U.S. Treasury spokesman said on Thursday.
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Treasury Secretary Henry M. Paulson Jr. said efforts to persuade China to let its currency rise in value had achieved âsome resultsâ but that Beijingâs leadership needed to do far more.
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XIANGHE, China  - The United States and China agreed they need to take steps to boost growth and keep their economies in balance, U.S. Treasury Secretary Henry Paulson said on Thursday.
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U.S. Treasury Secretary Henry Paulson said on Wednesday that he was pushing China to speed up its move toward greater currency flexibility, but said he wants to achieve more than that in the next two years.
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Treasury Secretary Henry M. Paulson Jr. is expected to encourage China to strengthen its currency, an apparent contradiction to his public backing for a strong dollar.
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U.S. Treasury Secretary Henry Paulson urged China on Tuesday to let its currency rise faster in value and warned that rising protectionism threatened U.S.-China relations.
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A senior Chinese official has urged the United States to take action to stop the slide of the dollar and restore equilibrium to global currency markets, China Radio International reported Saturday.