Wednesday, January 19, 2011

With the Chinese in Town, A Very Busy Day for Geithner

In the morning, Treasury Secretary Geithner will join the President and the First Lady to welcome President Hu Jintao of China to the White House.

Later, the Secretary will attend President Obama’s bilateral meeting with President Hu at the White House. Secretary Geithner then will attend the President’s expanded bilateral meeting with President Hu and the Official U.S. and Official Chinese Delegations at the White House.

In the afternoon, Secretary Geithner will attend President Obama’s meeting with President Hu and business leaders at the White House to discuss the economic relationship with China. Also to attend the meeting are business leaders from the United States and from Chinese firms that have made investments in the United States.

In the afternoon, the Secretary will attend a joint press conference with President Obama and President Hu at the White House.

Later, Secretary Geithner will meet with China’s National Development and Reform Commission (NDRC) Chairman Zhang Ping at Treasury.

In the evening, Secretary Geithner will attend the President and the First Lady’s State Dinner in honor of President Hu.

1 comment:

  1. An America Lost in Squanderville.

    The United States’ trade gap is the proverbial “leak-in the-dike” with its de-simulative effect on our recovery. In November 2003, Warren Buffett in his Fortune, Squanderville versus Thriftville article recommended that America adopt a balanced trade model. The fact that advice advocating balance and sustainability, from a sage the caliber of Warren Buffett, could be virtually ignored for over seven years is unfathomable. Media coverage that China has kept it currency undervalued is a gross understatement, it has actually been keeping the U.S. dollar over-valued; which adversely affects all U.S. trade with all U.S. trading partners, not just trade with China. Until action is taken on Buffett’s or a similar balanced trade model, by the powers that be, America will continue to squander time, treasure and talent in pursuit of an illusionary recovery.