In his first official visit to China since becoming Treasury Secretary, Mr Geithner told politicians and academics in Beijing that he still supports a strong US dollar, and insisted that the trillions of dollars of Chinese investments would not be unduly damaged by the economic crisis. Speaking at Peking University, Mr Geithner said: "Chinese assets are very safe." The comment provoked loud laughter from the audience of students.
Not sure what this incident means, but it doesn't look at all good from here.
| I think this is another take on the same story we saw yesterday. It certainly is getting a lot of play, no doubt because we all share the same concern about asset safety, given the current administration's proclivities. |
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