Treasury Secretary John W. Snow named a new special envoy to head up a bid to persuade China to effectively let its yuan currency rise in value against the dollar.
Olin Wethington, 56, a counselor to Snow who represented the Treasury Department in the economic reconstruction of Iraq and the reduction of its debt, will take over from Paul Speltz, the U.S. executive director at the Asian Development Bank, who has held the position for the last 13 months.
