China quiet on U.S. currency report delay

A Chinese central bank adviser said Beijing could ease pressure over the yuan by buying more from recession-hit U.S. states, but China had no official reaction on Monday to the Obama administration's delay of a contentious currency report.

Monday was a public holiday in China, with government offices closed and state newspapers issuing slimmed down editions.

Treasury Secretary Timothy Geithner on Saturday postponed the report, originally due out on April 15, that could have called Beijing a "currency manipulator.

Read Full Article from Washington Post

- Posted: 2010-04-05 11:07:57

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