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Geithner goes to Beijing to manage bad marriage

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Coventina Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-29-09 11:59 AM
Original message
Geithner goes to Beijing to manage bad marriage
Source: Market Watch

WASHINGTON (MarketWatch) - Treasury Secretary Timothy Geithner is about to get on a plane and travel half-way around the world to manage what is probably the world's worst marriage-of-convenience.

Mutual mistrust, competition and rivalry complicate a U.S.-China relationship that, on the other hand, has been so lucrative for both sides and the global economy.

The two sides got closer during the recent recession, but there are new strains on the horizon.

China's currency has moved lower in recent weeks, riding on the back of the dollar.


Read more: http://www.marketwatch.com/story/geithner-goes-to-beijing-to-manage-bad-marriage
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sundancekid Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-29-09 12:05 PM
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1. great thing Geithner speaks fluent chinese ... NO MORE BULL from them
and, while he is at it ... would be nice to have a dutch uncle conversation with the chinese about NOT manipulating their currency !!!
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