Treasury Secretary Henry M. Paulson speaks at the Economic Club of Chicago, Thursday, Feb. 28, 2008. (AP Photo/Nam Y. Huh)
Treasury Secretary Henry Paulson says China must continue allowing its currency to rise in value against the dollar as part of reforms to address trade tensions with the United States.
Paulson praised the Chinese for allowing their currency to rise in value by more than 20 percent against the dollar since July 2005, but says it is critical that the currency reform process is allowed to continue.
American manufacturers contend that undervalued Chinese currency puts them at a competitive disadvantage and is a key reason for the huge trade gap between the two countries.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus