WASHINGTON, April 22 China is committed to
continuing to strengthen the value of its currency as it plays
a vital role in stabilizing the global economy, U.S. Treasury
Secretary Timothy Geithner said on Wednesday.
"I have nothing further to add to what we said in the
report that we issued last week," Geithner said in response to
a question after a speech to the Economic Club of Washington.
The U.S. Treasury Department last week declined to label
China a currency manipulator, retreating from tough talk last
year when a campaigning Barack Obama said Beijing had kept its
exchange rate unfairly low.
"China is ... committed to continuing this path of further
evolution in their exchange rate regime, which is so important
to China and so important to the rest of the world," he added.
(Reporting by Corbett B. Daly; Editing by James Dalgleish)
(For more Economics news and our MacroScope blog, go to