U.S. and China agree on FX flexibility: Paulson
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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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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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DAVOS, Switzerland  - 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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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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WASHINGTON (CBS.MW) -- Chinese finance officials repeated Friday their commitment to move toward a flexible, market-based foreign exchange rate but didn&#39;t outline specific plans to do so after consultations with US economic officials Thursday.
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China and the United States agreed broad steps on Friday to tackle global economic imbalances as two days of talks to ease trade and currency strains ended with good intentions but modest substance.
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China is willing to promote  flexibility of its currency, but it will keep the yuan  &quot;basically stable at a reasonable, balanced level,&quot; Vice  Premier Wu Yi said on Thursday.
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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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U.S. Treasury Secretary Henry Paulson repeated on Monday that a strong dollar was in the U.S. interest and currency values should be set in free and open markets.
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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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China and the United States agreed  broad steps on Friday to tackle global economic imbalances as  two days of talks to ease trade and currency strains ended with  good intentions but modest substance.
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U.S. Treasury Secretary John Snow on  Tuesday pledged a renewed drive to get countries such as China  to adopt flexible currency rates in order to rein in the  swelling U.S. trade deficit.
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China pledged to move toward a flexible exchange rate, the US Treasury Department said, hours ahead of a key meeting of the world's top finance chiefs who are expected to press Beijing to ease its currency policies.
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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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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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Treasury Secretary Henry Paulson on Friday tried to wave off U.S. lawmakers' bid to tighten the screws on China over its currency policy by warning that it could make it harder to settle turbulent markets.
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China turned the tables on the United States, urging Washington to take "necessary actions" to stop the slide of the dollar and restore equilibrium to global currency markets, a senior Chinese official said.