神马文学网Geithner calls for speedier yuan move
来源：百度文库 编辑：神马文学网 时间：2024/04/27 15:08:41
Geithner calls for speedier yuan move
13:48, September 17, 2010 
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stumbleupon U.S. Treasury Secretary Timothy Geithner sharpened his criticism of China's currency exchange rate policies, saying the yuan was strengthening too slowly.In testimony before U.S. lawmakers considering a tough new trade bill, Geithner called on China to allow "significant, sustained appreciation over time".
"We are concerned, as are many of China’s trade partners, that the pace of appreciation has been too slow and the extent of appreciation too limited," Geithner said in remarks to the U.S. Senate Banking Committee.
"We will take China’s actions into account as we prepare the next Foreign Exchange Report, and we are examining the important question of what mix of tools, those available to the United States and multilateral approaches, might help encourage the Chinese authorities to move more quickly."
Geithner's testimony comes amid a rising chorus of support from U.S. lawmakers and industry groups for punitive action, including a bill that would slap duties on Chinese imports, The Reuters said in a report.
The effort is seen in part as an American election year bid by lawmakers eager to show voters that they are taking action to revive the economy, although economists say currency revaluation won't by itself eliminate the U.S. trade deficit with China.
Geithner did not specifically mention the trade bill in his testimony but pledged to work with Congress "to find ways to best advance and best protect our economic interests in this important strategic relationship."
The next Treasury Department currency report is due October 15.
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