Timothy Adams
Timothy Adams
climate continue encourage financial investment malaysia services structural
I encourage Malaysia to continue with structural reforms, improvements to the investment climate and strengthening of the financial services sector.
account china component current global growth large major open pick policies rely risks simply slack sources support surplus trade
China's current account surplus is now a major component of global imbalances, and its continuation risks undermining support for the open trade policies which have contributed so much to China's development. China is now simply too large to rely on export-led growth to pick up the slack when other sources of growth falter.
address data discuss efficiency expect governors improvement measures ministers steps supply taken technical
I expect ministers and governors will discuss steps taken to address supply and efficiency issues, as well as technical measures such as the improvement of data availability.
achieve exchange greater rate reflects reforming supply support supportive taking time underlying word
We have been very supportive of the reforming of the exchange-rate regime, but implied in that support is taking them at their word that over time they'll achieve greater flexibility and an exchange rate that increasingly reflects underlying supply and demand,
complex gives leap nature picture quantum tried truly trying
What we tried to do is take a quantum leap in sophistication and scope. It gives you a picture of the truly complex nature of what we are trying to do.
address shared sure
We want to be sure that the way we address the imbalances maximizes growth. It's a shared responsibility.
concerned countries deal few full lend past
There have been times over the past few weeks, I will admit, that I was concerned that we weren't going to be able to get this deal done. And there are still countries out there that have yet to lend their full support,
benefit doubt pace quicker undertake urge
We're going to give them the benefit of the doubt that they will do what they say they are going to do. We would just urge them to undertake a quicker pace of reform.
benefits exchange flexible global neither nor result
As a result neither China, nor the global economy, has reaped the benefits of a more flexible exchange rate.
bright economic opportunity
This is a bright opportunity in the economic relationship.
fully issue tried
It's not an issue of 'they were tried and failed.' They were never fully implemented.
capital flows free job open promote reason sober trade treasury voice
It's our job here at Treasury to be a sober voice of reason. Our job here is to promote free trade and capital flows and open markets.
goes growth rates
It's more than it was but not enough, and it just goes to show that with these growth rates that they can actually do more.
chinese greater move number plan statements today welcoming
There were a number of statements today ... acknowledging the move of the Chinese and welcoming the move and urging the Chinese to do what they said they plan on doing, which is to put in place greater flexibility over time,