Snow Names Envoy To Deal With China Currency.

Navigation: Main page

Author: Unknown

Trade

Trade.

The Treasury Department announced today the appointment of a special envoy to China, a post that aims to strengthen the Bush administration's efforts to get Beijing to revamp its currency system, the Associated Press reported. The move is the latest in a series of developments advanced by the administration over the past week to intensify pressure on China to change currency and trade practices that critics blame for the United States' trade deficits. Treasury Secretary Snow appointed Olin Wethington as his special envoy on China, a new position that will focus heavily on financial diplomacy with China's economic officials, said a department spokesman.