MUMBAI, India -- U.S. Treasury Secretary Timothy Geithner will visit Beijing on Thursday for talks with a Chinese vice premier for economic affairs, Geithner's spokesman said, in a sign the two sides are moving toward settling their dispute over China's currency controls.
Geithner will meet with Vice Premier Wang Qishan, spokesman Andrew Williams said Wednesday, as the Treasury secretary ended a two-day visit to India.
"The secretary and the vice premier have been working together to find an opportunity to meet for some time," Williams told reporters in Mumbai, the Indian financial capital.
Williams gave no details of the agenda for the Geithner-Wang meeting, but the decision to have such a high-level encounter suggested Washington and Beijing are moving toward settling dispute over China's currency controls.
Washington and other Chinese trading partners are pressing Beijing to ease exchange rate controls that they say keep its yuan undervalued, giving China's exporters an unfair price advantage and swelling its multibillion-dollar trade surplus.
The two governments have tried to keep the dispute contained to avoid straining relations as they cooperate on reviving global economic growth, containing Iran's nuclear program and other issues.
President Obama vowed in February to press for an end to exchange rate systems that he said depress the value of currencies and harm U.S. companies. Some American lawmakers are pressing for punitive tariffs on Chinese imports if Beijing fails to act.