Tuesday, June 02, 2009
International finance news report of the moment
The Telegraph reports...
The Telegraph reports...
h/t to the anonymous econ professor.Geithner insists Chinese dollar assets are safe
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...