World is impatient for reform, Paulson tells China
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China must step up the pace of economic reforms because the rest of the world is growing impatient for it to do so, U.S. Treasury Secretary Henry Paulson said on Thursday.
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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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Treasury Secretary Henry Paulson  said on Friday that recent financial market volatility does not  necessarily reflect strong fundamentals in the U.S. economy,  nor those of the developing Chinese economy.
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U.S. Treasury Secretary Hank Paulson is on a mission to convince Beijing to allow its currency to rise against the dollar. He's unlikely to have any more luck than his predecessors
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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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Chinese Deputy Prime Minister Huang Ju told global leaders that his country could not fully develop on its own, saying Beijing saw a socialist market economy as being far from perfect.
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China must pursue democratic reforms to defuse economic and social imbalances threatening the country's stability, a former editor of the People's Daily said in a rare open call for political reform.
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Any democratic reforms in Hong Kong must be realized gradually, the leader of China's parliament said on Wednesday and reminded leaders of the former British colony they weren't free to do as they wished.
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Treasury Secretary Henry M. Paulson Jr. is expected to encourage China to strengthen its currency, an apparent contradiction to his public backing for a strong dollar.
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Treasury Secretary Henry Paulson insisted Wednesday that new high-level talks with China offer the greatest chance of success in reforming a Chinese currency system that critics blame for soaring U.S. trade deficits.
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WASHINGTON -- Treasury Secretary Henry Paulson urged China to undertake a broad range of economic reforms and said the country's failure to overhaul its currency system could raise the threat of a protectionist backlash.
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Treasury Secretary Henry Paulson urged China to undertake a broad range of economic reforms and said the country's failure to overhaul its currency system could raise the threat of a protectionist backlash.
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Beijing. (Interfax-China) - China will speed up economic restructuring and reform and the adoption of market-based systems. Meanwhile, China will continue to maintain its open-door policies and meeting its
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XIANGHE, China  - The United States and China agreed they need to take steps to boost growth and keep their economies in balance, U.S. Treasury Secretary Henry Paulson said on Thursday.
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XIANGHE, China  - U.S. Treasury Secretary Henry Paulson came away from two days of talks on Thursday convinced China sees the need for a stronger yuan and with a promise that Beijing will open its financial markets a little wider.
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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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Treasury Secretary Henry Paulson is leading an elaborate effort to persuade China to reform its policies.