Full Dow Jones Wire Alert: China to lift etal:
01 Aug 2007 07:20 EDT *DJ Paulson: China Will Lift Moratorium Early Autumn Vs Dec
(END) Dow Jones Newswires
August 01, 2007 07:20 ET (11:20 GMT)
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01 Aug 2007 07:44 EDT DJ Paulson: China Will Lift Moratorium On Chinese-Foreign Sec JV
BEIJING (AP)--U.S. Treasury Secretary Henry Paulson ended two days of trade talks with Chinese leaders with no major concessions, but said Wednesday that he was assured that Beijing is committed to currency flexibility and more financial reforms.
"I heard from everyone, right up to the top, they are committed to currency flexibility, to currency reform," Paulson told reporters.
Chinese officials said they plan to lift a moratorium on U.S.-Chinese securities joint ventures in early autumn, instead of December as originally planned, Paulson said.
The secretary, Washington's point man on China, is trying to avert drastic action by congressional critics of Beijing's trade record who are pressing for punitive action.
(END) Dow Jones Newswires
