US and China get no deal on yuan
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China promises the United States greater exchange rate flexibility, but gives no firm commitments.
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Europe and the US kept up a war of words over the sliding US dollar at a G20 meeting of rich and developing nations over the weekend, blaming each other for the currency&#39;s fall and avoiding new steps or rhetoric to halt it.
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U.S. Treasury Secretary Henry Paulson  said on Monday a strong U.S. dollar was in the interest of the  United States and he was not seeking any "quick fixes" on  China's currency situation.
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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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Chinese officials reiterated their  country would move toward a flexible foreign exchange rate, but  offered no new specifics on the timing in a joint statement  issued on Friday after talks with high-level U.S. officials.
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The U.S. and China set up several study groups and made general pledges, but did not specifically address Americaâs demand that China stop undervaluing its currency.
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The United States and China concluded high-level trade talks with progress reported in a few areas but no breakthrough in the biggest dispute, China's undervalued currency.
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The US and China both criticise the value of each other's currencies at their economic summit.
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The Treasury Department declined again to designate China as a currency manipulator, despite the increasing pressure from Congress.
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China has lost faith in the stability of the U.S. dollar and its first priority is to broaden the exchange rate for its currency from the dollar to a more flexible basket of currencies, a top Chinese economist said Wednesday at the World Economic Forum.
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WASHINGTON - The Bush administration said Friday that neither China nor any other major trading partner of the United States is violating a US law against currency manipulation to gain unfair trade advantages.
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The United States and China struck  civil aviation and financial sector access deals on Wednesday  but they made no headway on the divisive issue of Chinese  currency reform, stoking anger on Capitol Hill.
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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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China says it will move toward a flexible exchange rate for its currency, but there is no word on how long such a transition will take.
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China has signalled a toughening of its currency stance, with Premier Wen Jiabao blaming the US for recent volatility and the central bank reiterating that there will be no adjustments to its exchange rate any time soon.
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WASHINGTON -- 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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Chinese Prime Minister Wen Jiabao has rejected pressure for exchange rate reforms and criticized the United States for not doing its part to keep the dollar from weakening.