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Monday, June 01, 2009
Buy My Debt
Mr Geithner goes to Beijing: In a speech at Beijing University at the start of his two-day visit, Mr Geithner reassured his Chinese hosts that they need not worry about the estimated $770bn (£475bn) they have invested in US treasuries, a class of US government debt. "Chinese financial assets are very safe," he said, drawing laugher from the audience. He will be hoping that China's president and premier take his reassurance more seriously, because America needs China's confidence, and its money, says the BBC's Quentin Sommerville in Beijing.
Posted by Richard Anderson on June 1, 2009 | Permalink
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