Eye Opener: Geithner Goes Back to College
Happy Monday! Treasury Secretary Timothy Geithner went back to school today, visiting Peking University in Beijing as part of his tour of China.
"I first came to China, and to Peking University, in the summer of 1981 as a college student studying Mandarin," Geithner told an audience earlier today at the university.
"We studied reasonably hard, and had the privilege of working with many talented professors, some of whom are here today. As we explored this city and traveled through Eastern China, we had the chance not just to understand more about your history and your aspirations, but also to begin to see the United States through your eyes."
The New York Times reports that "Geithner encouraged China to diversify its economy away from a heavy reliance on exports while offering Beijing assurances that Washington intended to tackle its deficit and protect the value of China’s huge investments in United States government debt."
"Following Mr. Geithner’s speech Monday, a student asked the treasury secretary whether China’s investments in the U.S. were safe. He responded without hesitation. 'Chinese financial assets are very safe,' Mr. Geithner said, eliciting some laughter. He then quickly said that the United States still has deep and liquid financial markets, and that the Obama administration is committed to tackling the deficit and maintaining a strong dollar."
Tuesday Geithner is scheduled to meet with President Hu Jintao and Prime Minister Wen Jiabao.
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Posted by: millionea7 | June 2, 2009 1:11 PM | Report abuse
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