28years of change
“Watch us and watch what we do,” US Treasury Secretary Timothy Geithner said during his visit to China this week. “The US will spawn a strong recovery, control its rising budget deficit thereby protect the value of dollar-denominated assets of its investors.”Geithner’s three-day official visit, which beganMay 31, was regarded as the US’s fiscal sustainability tour. Many Chinese experts think one of his mjor goals was to persuade China to buy more US debt to help the country out of the financial crisis. At Peking University to give a speech on Monday, Geithner was presented with a photograph by his former Chinese teacher Fu Min. The photo, taken 28 years ago, shows Geithner, then a student at an eight-week Chinese learning program organized by Peking University, and Fu herself.