US treasury chief visiting China
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US Treasury Secretary Henry Paulson is due in China for his first visit since taking up the post.
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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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The Bush administration is considering T. Timothy Ryan, a former top financial regulator who is now with JPMorgan Chase, to become Treasury's point person on international affairs, two sources familiar with the matter 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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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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NASA chief Michael Griffin has met with Chinese space officials and toured facilities during the first visit to China by a US space agency head, his staff said.
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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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A high-powered group of U.S. officials led by Treasury Secretary Henry Paulson pressed China over its currency and trade policies Thursday while Chinese officials stressed changes were being made over the long term.
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Remarks from just about everyone Treasury Secretary Henry M. Paulson Jr. met in Beijing showed that he still carried a glow from his old job at Goldman Sachs.
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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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The United States is convinced that  China intends to loosen its currency peg, U.S. Treasury  Secretary John Snow said on Monday as he encouraged the Asian  giant to speed up the process of reform.
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U.S. Treasury Secretary John Snow  insisted on Friday there has been no weakening in the United  States&#039; commitment to a strong dollar and vowed to hold China&#039;s  &quot;feet to the fire&quot; over promises to make its currency more  flexible.
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China will participate in a special meeting with the Group of Seven industrialized countries on Oct. 1, the U.S. Treasury said yesterday, an announcement that could herald Beijing's eventual membership in the elite economic club.
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Treasury chief is looking for a financial instrument to help homeowners facing foreclosure.
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U.S. Treasury Secretary Henry Paulson said on Monday that China has reached "a crucial juncture" as its economy grows and that a delegation he is leading to Beijing will try to ease strains between the two countries.
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US Secretary of State Colin Powell will prod Chinese leaders during a visit to Beijing to consider holding talks with Taiwan and allay concerns over US arms sales to Taipei, the State Department said.
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Federal Reserve Chairman Ben  Bernanke will accompany Treasury Secretary Henry Paulson and  other cabinet officials to Beijing next month to try to  persuade China to alter its economic policies, senior U.S.  government officials said on Thursday.