Tags: Treasury | Geithner | China | Yuan | Boost

Geithner Wants to Increase Odds of China Boosting Yuan

Friday, 02 Apr 2010 12:12 PM

 

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Treasury Secretary Timothy Geithner said on Friday he wanted to maximize the odds that China would lift the value of its yuan currency quickly and said he believed that they would do so.

"It's very important that China move," Geithner told Bloomberg Television.

"I'm quite confident that they will decide it's in their interest to move. We're going to try to make sure we're going to maximize the chance that they move quickly."

He did not directly answer a question on whether the Treasury would delay a much-anticipated currency report in which it could decide to label Beijing as manipulating the value of the yuan.

© 2014 Thomson/Reuters. All rights reserved.

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