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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Can Hank Paulson Bring China and the U.S. Together?
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China and other developing countries are demanding a bigger say in the aging institutions that superintend the world economy.
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A communique issued in Chile by finance ministers of the Asia-Pacific Economic Forum conveys an impression that currency flexibility in China is a rather long work-in-progress, if it&#39;s even that.
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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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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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SHANGHAI, China -- China's path to prosperity lies in opening up its financial sector, US Treasury Secretary Henry Paulson said yesterday in a speech urging the country's business leaders to embrace Wall Street-style capital markets.
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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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China pledged on Monday that 2007 would  be another year of extensive financial reform but said there  was no quick way to bring down its record trade surplus.
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U.S. Treasury Secretary Henry Paulson   urged China on Wednesday to speed up reforms of its economy and   said the booming country would be the biggest beneficiary of   opening its capital markets to foreign investment.
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In the face of growing international pressure, Chinese officials told top US officials on Friday that they would continue to push ahead with plans to float or revalue their currency, but avoided giving a date to begin the transformation.
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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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WASHINGTON -- Treasury Secretary Henry Paulson said Thursday that China is moving too slowly to overhaul its currency system and to crack down on copyright piracy, two factors that American businesses blame for the soaring trade deficit with China.
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BEIJING, Feb. 27 -- The Communist Party cautioned China's increasingly impatient reformers and intellectuals Tuesday that political liberalization and democracy are still a long way off despite the rapid pace of economic change during the past two decades.
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XIANGHE, China  - 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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Treasury Secretary Henry Paulson is leading an elaborate effort to persuade China to reform its policies.
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China should open its financial sector further to foreign competition to help it become more than an exporter of low-cost manufactured goods, U.S. Treasury Secretary Henry Paulson said on Thursday.