Prof Xiao Geng on Geithner's China visit - 01 Jun 09

Joining us on the phone is Professor Xiao Geng from Tshinghua University, who is currently in the US.

1. Hello Professor Xiao. US Treasury Secretary Timothy Geithner is making his first official visit to China. What are academics and the local media in the US expecting Mr. Geithner will achieve during his visit?

2. Among the issues to be discussed, China is probably most concerned about the safety of its holdings of US bonds. In your view, what approach will Mr. Geithner take to address this concern? And what promises do you think he might make?

3. We reported earlier in our program that a recent survey shows many Chinese economists expressing concerns over China making more investments in US Treasury Bonds. What's your view on this issue?

4. The US had been pressing China in the past over the yuan/dollar exchange rate, urging a further appreciation of the RMB. But it has recently softened its stance on the issue. In your opinion, will the currency issue remain an important issue to be discussed this time?

5. Treasury Secretary Geithner will reportedly try to persuade China to spend more. What efforts do you think both sides should make to achieve a more balanced world economy?

Category:

News & Politics

Tags:

• US
• China
• economy
• Geithner
• visit

[MrBigEnchilada]

where's the laughter do u have the video

[CaptainFluffy6644]

i know yeh? all the US's creditors shud get rid of their "assets" asap.

US economy is a fucking dangerous time bomb, keep away, let it blow where no one will be harmed

[Diazt3r]

Geithner has the iq of a rock

[danzimusic]

bravo! It's probablly a safer/cheaper way in the long run.

[ktchong]

There is another way.

The best way for a debtor nation to wipe out its outstanding debts is to attack and invade the creditor nations that are holding its debts.

[fox20012]

He made a lot of sense to me, but there is no hope in hell to convince the monkeys in charge of America to cut deficit spending, such as health care reform as the Prof. suggested. The R-tards increase have just increased defence spending in Afghanistan to top it all off! They are like bush on steroids.

[garimaheath]

The professor is following party-line - Obama-Tax-Cheat-Geithner Socialist party that is.

[greesmansr]

Let's face facts, the US will monetize the debt to China and the dollar will crash, there is no other way.  China's leader should buy gold as soon as possible...gg

[rigoletto68]

he forgot to mention the dollar (and bonds) may drop over 40% as deficit climbs higher compared to USA GDP........just as the UK bonds got downgraded......USA Treasuries can be downgraded...problem is, the grading companies are USA. Just as they gave Lehman's, etc AAA ratings even weeks before the went bankrupt...these companies my not report accurate eval of USA bonds...imho.