Geithner Visit: Chinese Economists Skeptical of U.S. Strength
2 Jun 09 | CSM
A survey of 23 experts finds deep concern about Beijing’s large dollar holdings.
U.S. Treasury Secretary Timothy Geithner said Tuesday he had found “a lot of confidence” in the U.S. economy among Chinese leaders he met on his two-day visit here. In other circles, however, skepticism was widespread.
When Mr. Geithner told a student audience Monday that Chinese assets invested in Treasury bonds were “very safe,” his intended reassurance drew loud and dubious laughter.
A survey of 23 top Chinese economists, published in the daily Global Times on the eve of his arrival, found that 17 feared that Beijing’s huge dollar holdings put China in “a very dangerous position.” >>>