(Reuters) - Paulson, in prepared testimony before the House of
Representatives Financial Services Committee, said he would
continue to press China for greater flexibility in the exchange
rate of its yuan currency, despite a decision not to label
Beijing a currency manipulator in a recent report.
"While we agree with the Chinese on the direction of change
in their economic reforms, we differ over the pace," Paulson
said, adding: "I advocate an increased pace of reform at every
opportunity."
Read more at Reuters.com Bonds News
Representatives Financial Services Committee, said he would
continue to press China for greater flexibility in the exchange
rate of its yuan currency, despite a decision not to label
Beijing a currency manipulator in a recent report.
"While we agree with the Chinese on the direction of change
in their economic reforms, we differ over the pace," Paulson
said, adding: "I advocate an increased pace of reform at every
opportunity."
Read more at Reuters.com Bonds News
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