Geithner Calls China’s Yuan Gains ‘Too Slow,’ Urges More Action

Treasury Secretary Timothy F. Geithner said the U.S. will use every available tool to urge China to let its currency rise more quickly, including congressional pressure and a twice-yearly report on foreign- exchange markets.

“The pace of appreciation has been too slow and the extent of appreciation too limited,” Geithner said in congressional testimony yesterday. “We have to figure out ways to change behavior.”