Update 5: US Pressures China on Currency
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The Bush administration lobbied Chinese economic officials on Thursday to overhaul a currency regime that American manufacturers contend gives China a huge competitive advantage.
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WASHINGTON - The Bush administration, seeking to achieve an economic breakthrough in the closing weeks of an election campaign, says China has made a serious commitment to overhauling a currency system that American manufacturers see as a major culprit in the soaring U.S. trade deficit...
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Since last year, the Bush administration has been publicly urging the Chinese government to move to a more flexible exchange rate regime.
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WASHINGTON Oct. 2, 2004 - The Bush administration, seeking to achieve an economic breakthrough in the closing weeks of an election campaign, says China has made a serious commitment to overhauling a currency
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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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BEIJING -- US and Chinese officials clashed publicly on the opening day of strategic economic talks, with Treasury Secretary Henry Paulson pushing China to revalue its currency while Chinese Vice Premier Wu Yi said Americans do not have a full understanding of the situation.
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U.S. lawmakers stepped up pressure on  China to boost the value of its currency as high-level talks  aimed at persuading the country to quicken economic reforms  moved toward a conclusion on Friday.
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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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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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The United States will push China to untie its currency from the dollar as soon as possible, a top U.S. Treasury Department official said Friday ahead of the Group of Seven finance ministers meeting.
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A group of influential US Senators are due to unveil legislation to force China to raise the value of its currency.
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China&#39;s policy of fixing the value of its currency to the dollar has made government efforts to slow its economy more difficult, the US Treasury Department said in a semi-annual report
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China on Monday emphasized its determination to keep its currency stable despite ongoing pressure from the United States.
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China called on U.S. lawmakers on Thursday to address issues such as the valuation of the yuan through a dialogue of equals instead of trying to put pressure on Beijing.
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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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China and the United States agreed on Friday that Beijing will pursue currency flexibility, while Washington will aim to increase national savings as part of joint efforts to reduce global economic imbalances.
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Leaders of major industrialized nations yesterday called on China to let its currency appreciate rapidly, arguing that its current system of manipulating the value of its currency is causing distortions in the world economy.