Wednesday, May 9, 2007

UPDATE 1-US "totally frustrated" with China on yuan-Treasury

(Reuters) - "We're totally frustrated with the pace of reform in China," Mark Sobel, deputy assistant Treasury secretary for international monetary and financial policy, said during a House of Representatives hearing on currency issues.

Sobel also told lawmakers the Treasury Department will issue its next semi-annual report on foreign currency practices after a high-level May 22-24 meeting with Chinese officials.


Read more at Reuters.com Bonds News

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