Obama wants Chinese banking some-more market-based-W.House

Tue Apr 6, 2010 1:33pm EDT Related News UPDATE 1-It is "China"s choice" to revalue yuan-GeithnerTue, Apr 6 2010It is "China"s choice" to revalue yuan-GeithnerTue, Apr 6 2010Obama seeks market-based yuan; Congress impatientMon, Apr 5 2010U.S. says Obama seeks market-based Chinese currencyMon, Apr 5 2010Obama wants China banking market-based: White HouseMon, Apr 5 2010

WASHINGTON, Apr 6 (Reuters) - The White House on Tuesdayreiterated President Barack Obama"s enterprise that China change itsyuan banking to a some-more market-based routine of unfamiliar exchangevaluation and would aspire to this by dialogue.

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"The administration department will go on to press the Chinese to... worth their banking in a approach that is most some-more marketbased," pronounced White House press cabinet member Robert Gibbs, citingupcoming meetings of the Group of twenty and shared discussionsbetween the United States and China.

"The most appropriate thing to do is let Secretary Geithner and otherswork by this routine in these arriving meetings andevaluate where we are," he said, referring to U.S. TreasurySecretary Timothy Geithner.

(Reporting by Alister Bull; Editing by Sandra Maler)

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