Published: October 05, 2005

U.S. Treasury Appoints Financial Attache to China

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Appointment comes at "critical juncture" for bilateral relations, Snow says

Secretary of the Treasury John Snow has appointed David Loevinger to serve as financial attaché in China, the Treasury Department announced October 3.

Loevinger, who is currently deputy assistant secretary of the Treasury for Africa, the Middle East, and Asia, will be based at the U.S. embassy in Beijing. He will be responsible for a wide range of economic issues, including banking, capital markets, financial regulation, monetary policy and currency exchange rate policy.

"David's deployment comes at a critical juncture in the United States' economic dialogue with China," Snow said. "I'm pleased we will have him on the ground to lead our extensive communications with Chinese economic authorities at all levels and maintain the close and continual communications on the many economic issues that face both of our countries and the global economy."

Loevinger will be part of Snow's entourage in China and Japan for high-level meetings and consultations during the week of October 10.

Loevinger's assignment will be different from the special envoy position held until recently by Olin Wethington. Wethington announced his resignation in late September, saying he planned to return to private life.

Source: U.S. Department of State