U.S. urges faster China economic reforms
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In advance of sending a high-level U.S. delegation to Beijing, the Bush administration on Friday said China must move faster on reforms addressing America's soaring trade deficit or run the risk of a protectionist backlash.
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U.S. Treasury Secretary Henry Paulson urged China on Thursday to work toward a freely floating exchange rate to help disarm critics of Beijing's trade and currency policies.
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China pledged on Monday that 2007 would  be another year of extensive financial reform but said there  was no quick way to bring down its record trade surplus.
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China must step up the pace of economic  reforms because the rest of the world is growing impatient for  it to do so, U.S. Treasury Secretary Henry Paulson said on  Thursday.
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The Bush administration, seeking to achieve an economic breakthrough in the closing weeks of an election campaign, says China has made a serious commitment to overhauling a currency system
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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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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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The United States is convinced that  China intends to loosen its currency peg, U.S. Treasury  Secretary John Snow said on Monday as he encouraged the Asian  giant to speed up the process of reform.
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The Group of Seven (G7) industrialised nations urges China to be more flexible on its currency.
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Four U.S. senators unveiled a long-awaited bill on Wednesday aimed at forcing China to more quickly raise the value of its currency by giving the U.S. Treasury Department new tools to pressure Beijing.
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China told the world on Saturday it will not rush to reform its pegged exchange rate regime, dashing hopes for a breakthrough on currency issues at next week's Group of Seven finance ministers' meeting.
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The International Monetary Fund, applying pressure, said Monday that China should build upon efforts to revamp a currency policy that U.S. critics say gives Beijing an unfair trade advantage.
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WASHINGTON - The Bush administration, seeking to achieve an economic breakthrough in the closing weeks of an election campaign, says China has made a serious commitment to overhauling a currency system that American manufacturers see as a major culprit in the soaring U.S. trade deficit...
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The United States urged China on Sunday  to be more transparent about its military build-up, in response  to Beijing's announcement it would boost defense spending by  17.8 percent this year.
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New export taxes on polluting and energy intensive industries will help reshape how China's economy grows, but alone are not enough to resolve its trade imbalances with the United States, a top Commerce official said on Sunday.
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U.S. Treasury Secretary Henry Paulson  urged China on Thursday to work toward a freely floating  currency, only to be told that America fails to understand how  Beijing is making headway on economic reform.
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China came under pressure on Saturday   to let its currency rise faster to ease imbalances in trade and   capital flows that pose one of the biggest risks to global   growth.