Paulson: China Must Speed Money Reform
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WASHINGTON -- Treasury Secretary Henry Paulson told Congress on Wednesday that the Bush administration was doing all it could to get China to move more quickly on currency reform in the face of a soaring U.S. trade deficit.
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Why go slowly? "You can burn a lot of money in China very fast," a top executive says.
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China needs to finish reforming its fragile banks before it ends capital controls that limit free trading of its currency, the country&#39;s banking regulator said Wednesday.
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WASHINGTON : The head of the International Monetary Fund urged China to begin moving toward greater currency flexibility, taking advantage of its booming economic growth pace.
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China's central bank has pledged to  strengthen efforts to effectively manage the amount of cash in  the financial system, according to the summary of a meeting  held earlier this week that was published on Wednesday.
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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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Henry M. Paulson Jr. said today that economic choices by Chinese leaders were imperiling their nationÂs future.
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China's central bank has pledged to strengthen efforts to effectively manage the amount of cash in the financial system, according to the summary of a meeting held earlier this week that was published on Wednesday.
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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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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 needs greater foreign exchange flexibility from China, U.S. Treasury Secretary Henry Paulson said on Tuesday as the dollar continued its slide against most major currencies.
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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 is making some progress but  not enough toward adopting a flexible currency regime and the  Bush administration will push "as aggressively as necessary"  for more, a U.S. Treasury spokesman said on Thursday.
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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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China faced diplomatic pressure from   rich countries on Saturday to let its currency rise faster to   ease imbalances in trade and capital that pose one of the   biggest risks to the health of the global economy.
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Treasury Secretary Henry Paulson will urge the Chinese to adopt economic reforms, including a more flexible currency
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Chinaâs central bank said it would gradually promote reforms of the yuanâs exchange rate regime and improve its foreign exchange management this year.