Paulson says U.S. wants fully floating China currency
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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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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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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   said on Friday that the United States and China agree currency   flexibility is "very important."
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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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U.S. Treasury Secretary Henry Paulson said Tuesday that the global economy is as strong as he's ever seen and that reforms in China would help lessen the kind of market volatility that has recently rocked international stock markets.
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Treasury Secretary John Snow said on Tuesday that China has been receptive to US calls for more flexibility in its currency, and said the United States would continue to press the Chinese on floating the yuan.
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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 Saturday that major industrial countries and key  emerging economies like China share a responsibility to bring  global economic imbalances under control.
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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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BEIJING, Dec. 14 -- U.S. and Chinese officials clashed publicly on the opening day of strategic economic talks, with Treasury Secretary Henry M. Paulson Jr. pushing China to revalue its currency while Chinese Vice Premier Wu Yi said that Americans do not have a full understanding of the situation.
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The United States will push China to untie its currency from the dollar as soon as possible, a top U.S. Treasury Department official said Friday ahead of the Group of Seven finance ministers meeting.
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WASHINGTON -- The Bush administration on Friday won a commitment from China that it will move to a flexible, market-based currency.
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China on Monday emphasized its determination to keep its currency stable despite ongoing pressure from the United States.
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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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Treasury Secretary Henry Paulson is leading an elaborate effort to persuade China to reform its policies.