a's choice" whether or not it revalues the yuan.
The White House said President Barack Obama will raise the currency issue with Chinese President Hu Jintao in Washington next week on the sidelines of a nuclear security summit.
"The administration will continue to press the Chinese to ... value their currency in a way that is much more market based," White House press secretary Robert Gibbs told a news briefing.
"That is the way we think is best at this point, and I think you've seen reports of the past week or so about the Chinese beginning to take some steps and realize on their own that this is the best path for them," he said.
With U.S. unemployment stuck near 10 percent
useful blog uggs factory outlet MS.N, Obama faces pressure to persuade Beijing to allow the yuan to appreciate so as to help U.S. firms compete with Chinese goods.
"I am confident that China will decide it's in their interest to resume the move to a more flexible exchange rate that they began some years ago and suspended in the midst of the crisis
useful blog ," Geithner told India's NDTV.
In Beijing
useful blog , a Foreign Ministry spokeswoman and two government economists held out the prospect of the yuan being allowed to resume its rise after a 20-month pause. But they said at separate briefings that China would proceed with caution and on its own terms.
"We don't want to see our exchange rate kept unchanged," said Zhang Yansheng, director-general of the Institute for International Economic Research
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