Treasury's Paulson wants faster China yuan rise
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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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The US Treasury Department said that China should move to a flexible exchange rate as soon as possible, but stopped short of issuing a formal finding that Beijing is manipulating the exchange value of the yuan.
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Global financial markets are improving but uneven conditions may persist, and China must allow the value of its yuan currency to rise more rapidly, finance officials from the rich nations said on Friday.
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U.S. Treasury Secretary John Snow on  Tuesday pledged a renewed drive to get countries like China to  adopt flexible currency rates so that U.S. trade deficits do  not continue to swell.
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U.S. Treasury Secretary Henry  Paulson on Monday played down hopes for quick solutions to  sensitive currency and trade issues that plague U.S.-China  dealings as he prepared to lead a high-profile mission to  Beijing.
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More flexibility in China&#39;s yuan  currency exchange rate will not restrain the country&#39;s economic  growth and cause deflation, but instead will help China  rebalance its economy towards domestic consumption, a top U.S.  Treasury official said.
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U.S. lawmakers stepped up pressure on  China to boost the value of its currency as high-level talks  aimed at persuading the country to quicken economic reforms  moved toward a conclusion on Friday.
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WASHINGTON -- Treasury Secretary Henry Paulson urged China to undertake a broad range of economic reforms and said the country's failure to overhaul its currency system could raise the threat of a protectionist backlash.
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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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The United States would like the dollar to strengthen but believes international currency markets should be left to set its value, U.S. Treasury Secretary John Snow said Monday.
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Treasury Secretary Henry Paulson is leading an elaborate effort to persuade China to reform its policies.
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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.
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Since becoming Treasury secretary last summer, Henry M. Paulson Jr. has pleaded for patience on the issue of China's currency. Using the high-level contacts he made as chairman of the global investment bank Goldman Sachs, he sought ways to get Chinese leaders to move.
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WASHINGTON -- Treasury Secretary Henry Paulson, seeking a consensus among financial luminaries, pledged swift action to ensure the United States remains the world's dominant capital market.
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U.S. Treasury Secretary Henry Paulson repeated on Tuesday that he considered the value of Japan's yen currency was fairly set and indicated he will make that point to disgruntled European colleagues this week.
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U.S. Treasury Secretary John Snow on  Friday said he was optimistic that China intends to introduce  more flexibility into its currency but said Beijing must match  actions to its words.
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The United States plans to urge China to adopt a more flexible exchange rate when Chinese officials join Group of Seven finance ministers and central bankers here later this week, US Treasury Secretary John Snow said.