Paulson: need for greater China FX flexibility
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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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China came under pressure on Saturday   to let its currency rise faster to ease imbalances in trade and   capital flows that pose one of the biggest risks to global   growth.
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U.S. Treasury Secretary John Snow on  Tuesday pledged a renewed drive to get countries like China to  adopt flexible currency rates so that U.S. trade deficits do  not continue to swell.
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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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The dollar seesawed sharply against the  yen on Friday as the market struggled to digest comments by a  Chinese official that the time was ripe for China to move  gradually toward a more flexible exchange rate regime.
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China came under renewed pressure Saturday from the Group of Seven to make its yuan more flexible, while Japan emerged from the meeting without a public scolding, despite criticism beforehand that its weakened yen was hurting other economies.
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SHANGHAI : Foreign exchange markets felt the impact of China&#39;s growing economic muscle this week when a report claiming the country&#39;s central bank had sold US Treasuries helped push the euro to all-time highs, underscoring market sensitivity about a
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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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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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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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Treasury Secretary Henry M. Paulson Jr. has enlisted the help of Ben S. Bernanke to press for changes in Chinese economic policies.
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U.S. Treasury Secretary Henry Paulson said Tuesday that the global economy is as strong as he's ever seen and that reforms in China would help lessen the kind of market volatility that has recently rocked international stock markets.
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XIANGHE, China  - U.S. Treasury Secretary Henry Paulson came away from two days of talks on Thursday convinced that China sees the need for a stronger yuan and with a promise that Beijing will open its financial markets a bit wider.
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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 promises the United States greater exchange rate flexibility, but gives no firm commitments.
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U.S. Treasury Secretary Henry  Paulson on Wednesday said he was pushing China to speed up its  move toward greater currency flexibility, but he wants to  achieve more than that in the next two years.
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More flexibility in China's yuan currency exchange rate will not restrain the country's economic growth and cause deflation, but instead will help China rebalance its economy towards domestic consumption, a top U.S. Treasury official said.