A very top level meeting for Secretary Geithner in China.
During his trip this weekend, Geithner will meet with senior Chinese officials,, including President Hu Jintao, Premier Wen Jiabao and the Premier Wang Quishan. He will also deliver a speech on U.S.-China economic relations at Peking University.
What can Geithner say to get China to continue to buy U.S. securities aggressively? Nothing.
This will be Geithner’s first visit to China since taking office.
What can Geithner say to get China to continue to buy U.S. securities aggressively? Nothing.
ReplyDeleteActually, if I were Obama I'd call him into my office and say, "Tim, I want you to go over there and assure the Chinese that you are very confident US interest rates will rise, and that in your expert opinion, you advise them to stop buying Treasurys."