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"The tools are already on the table, waiting to be seized," Mr. Semeta said, referring to plans in Europe to provide greater exchanges of information on interest earned on savings, including from trusts and foundations.
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Thus, greater exchange-rate flexibility is overdue.
The most important may be greater exchange-rate flexibility.
Such a framework allows for the greater exchange of sensitive information and more candid communications.
The Treasury Department will "press for policy changes that yield greater exchange rate flexibility" and "level the playing field".
China seems in no hurry to move towards full convertibility of the yuan and greater exchange-rate flexibility.
In June, Beijing promised greater exchange-rate flexibility, but since then the renminbi has risen by only about 1 percent.
A graduate of Minzu University of China in Beijing, Mr. Niyaz advocates instead for greater exchange between Uighurs and Han.
The administration cited commitments made by the Chinese president, Hu Jintao, during a state visit here last month to promote "exchange rate reform" and allow greater "exchange rate flexibility".
Still, the currency was important, since greater exchange rate flexibility would help to increase China's underdeveloped foreign exchange market, Mr. He said.
In particular, the Obama administration is looking to the I.M.F. to help bring about what months of negotiations have failed to achieve: greater exchange-rate flexibility by China.
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