US’s Geithner says will push China on fair trade rules

WASHINGTON, April 13 (BestGrowthStock) – U.S. Treasury Secretary
Timothy Geithner said on Tuesday the Obama administration will
push China forcefully to open its markets and maintain fair
trading rules.

Interviewed during an appearance before a meeting of the
American Society of Newspaper Editors, Geithner repeated that
it was important for China to move toward a flexible currency
rate regime and added that he felt Beijing understands it was
in that nation’s own interest to do so.

“We have an enormously productive, beneficial relationship
with China today,” he said. “It’s hugely important to companies
large and small across the country.”

But he said it was “very important” that China rely less on
exports and “move over time to a more flexible exchange rate
system.”
Investing Basics

(Reporting by Glenn Somerville and Emily Kaiser; editing by
Jeffrey Benkoe)

US’s Geithner says will push China on fair trade rules