WASHINGTON (AP) -- Administration officials say they will urge the Chinese to continue allowing their currency to rise in value against the dollar and to avoid raising protectionist trade barriers amid the global economic crisis.
Treasury Undersecretary David McCormick told reporters the Bush administration believes need for China to pursue currency reform "is as important now as it has ever been."
Treasury Secretary Henry Paulson will lead a delegation of top Cabinet officials to Beijing for talks on Thursday and Friday. Officials say President-elect Barack Obama's team has been keep fully informed on the discussions.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.