(Bloomberg) -- U.S. Treasury Secretary Henry
Paulson, rejecting claims in Congress that he's too soft on
China, said negotiations rather than sanctions have led to a
faster appreciation of the yuan.
``We are getting results through this process that wouldn't
have been achieved without it,'' Paulson told reporters as he
traveled to China, where he arrived late yesterday. The Chinese
currency's ``rate of appreciation has gone up materially over
the past year,'' he said.
Read more at Bloomberg Emerging Markets News
Paulson, rejecting claims in Congress that he's too soft on
China, said negotiations rather than sanctions have led to a
faster appreciation of the yuan.
``We are getting results through this process that wouldn't
have been achieved without it,'' Paulson told reporters as he
traveled to China, where he arrived late yesterday. The Chinese
currency's ``rate of appreciation has gone up materially over
the past year,'' he said.
Read more at Bloomberg Emerging Markets News
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