US Treasury Secretary: China Committed to Reform

They are committed to screwing over the American people with the help of the U.S. government. Who believes that China somehow wants to reform other than big business and their toilet paper politicians in Washington:

U.S. Treasury Secretary Henry Paulson said Wednesday he was assured that China is committed to currency flexibility and more financial reforms, but Beijing offered no specific changes that could help assuage U.S. congressional ire over China's huge trade surplus.

"I heard from everyone, right up to the top, they are committed to currency flexibility, to currency reform," Paulson told reporters.

Officials said they plan to lift a 10-month-old moratorium on new Chinese-foreign joint-venture securities brokerages in early autumn, instead of December as originally planned, Paulson said.

The secretary, Washington's point man on China, is trying to avert drastic action by congressional critics who are pressing for punitive measures over Beijing's currency controls and multibillion-dollar trade surplus with the United States.