Paulson says appreciation would benefit China

U.S. Treasury Secretary Henry Paulson joined Chinese officials on Tuesday 1 August in asking for faster gains to cool economic growth.

Paulson said China needs to show ``more flexibility'' by easing currency restrictions.

U.S. lawmakers blame a loss of manufacturing jobs and their widening trade deficit on China's reluctance to let the yuan rally more.

``If they do that, they will not only be helping the U.S., people around the world, but it's in China's best interest,'' Paulson said in an addr