Well I am glad that the "true" owners of our economy are confident. People pay close attention to what China has been doing during this "world recession" and how our current administration keeps a whole lot in touch with this country. Sorry to break it down but we are owned by China. There's no U.S.A. anymore.
Geithner Says China Has Confidence in U.S. Economy
By Rebecca Christie
June 2 (Bloomberg) -- Treasury Secretary Timothy Geithner said China, the biggest holder of U.S. Treasuries, has expressed confidence in the U.S. economy and the Obama administration’s actions to fight the recession.
Chinese officials expressed “justifiable confidence in the strength and resilience and dynamism of the American economy,” Geithner said in an interview with state media in Beijing today. He said there will be enough demand for record sales of U.S. debt.
Geithner’s two-day visit to strengthen ties ended with the U.S. announcing that the nations will hold strategic and economic talks in Washington in the week starting July 27. Premier Wen Jiabao called in March for the U.S. “to guarantee the safety of China’s assets” and central bank Governor Zhou Xiaochuan has proposed a new global currency to reduce reliance on the dollar.
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Geithner Says China Has Confidence in U.S. Economy
By Rebecca Christie
June 2 (Bloomberg) -- Treasury Secretary Timothy Geithner said China, the biggest holder of U.S. Treasuries, has expressed confidence in the U.S. economy and the Obama administration’s actions to fight the recession.
Chinese officials expressed “justifiable confidence in the strength and resilience and dynamism of the American economy,” Geithner said in an interview with state media in Beijing today. He said there will be enough demand for record sales of U.S. debt.
Geithner’s two-day visit to strengthen ties ended with the U.S. announcing that the nations will hold strategic and economic talks in Washington in the week starting July 27. Premier Wen Jiabao called in March for the U.S. “to guarantee the safety of China’s assets” and central bank Governor Zhou Xiaochuan has proposed a new global currency to reduce reliance on the dollar.
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