The newly appointed U.S. Treasury: do not put pressure on the yuan only sanctions.

<P> WASHINGTON U.S. President George W. Bush nominated by the former CEO of Goldman Sachs, Henry Paulson was sworn in July 10 74 United States Treasury secretary. .Bush and Fed Chairman Ben Bernanke, cabinet members and members of Congress attended the inauguration ceremony. .At the ceremony, Paulson said the U.S. should work to expand trade and investment, and actively engaged in the global economy. .</ P> <P> Paulson said the U.S. economy is facing many challenges, such as high tax rates, difficult to control federal spending, as well as U.S. products open up new markets. .He promised to make every effort to ensure the U.S. economy strong, vibrant and open. .</ P> <P> and on the same day, the U.S. Senate Finance Committee Chairman, Senator Charles Grassley of force in an interview Paulson to strengthen disclosure requirements put pressure on the RMB exchange rate. .</ P> <P> this, Paulson has said he believes a more flexible RMB exchange rate policy is not only beneficial to the U.S. market, also in line with China's own interests. .But he also said that the liberalization of the RMB to go through a transition period. .He said the Chinese authorities are already moving in this direction. .</ P> <P> in the inaugural ceremony, Paulson says it will continue its predecessor, discharge of a duty, including continuing to pressure China on currency issue. .However, he said, refusing to impose sanctions on China currency issue. .</ P> <P> In addition, the Treasury Secretary Feilikesi printing office is also the first day of Paulson asked him to sign. .Printing and printed the next U.S. dollars per a new bill will be their former Treasury Secretary John Snow's name changed to Henry Paulson. .</ P> <P> Paulson, 60, 70 in the last century had briefly served in the Nixon administration, and from May 1999 has served as chairman and CEO of Goldman Sachs Group. .May 2006, Treasury Secretary Paulson called by Bushi Ti candidates by the end of June unanimously adopted the Senate's appointment of Paulson. .</ P>.