May 9, 2014 / 8:07 PM / in 4 years

RPT-U.S. Treasury's Lew to discuss currency policy on China visit

(Repeats with no changes)

WASHINGTON, May 9 (Reuters) - U.S. Treasury Secretary Jack Lew will discuss China’s currency policy and a range of other economic issues during a visit to the Asian nation next week, senior Treasury officials said on Friday.

They said while Beijing had made progress in moving to a more flexible currency regime, the Chinese yuan remained undervalued.

“Currency policy remains a priority for the Treasury. It is important that they (China) continue to move toward a market-determined exchange rate,” a senior Treasury official said in a conference call with reporters.

Lew will leave for China on Sunday and hold meetings with Chinese officials on Tuesday, Treasury officials said. (Reporting by Lucia Mutikani; Editing by Paul Simao)

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