US to reassure China on fiscal discipline
This is a discussion on US to reassure China on fiscal discipline within the China News forum, part of the Doing Business in China category; US Treasury Secretary Tim Geithner will reassure Chinese leaders that the US is commited to long-term fiscal discipline on his ...
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May 28th, 2009, 08:30 PM
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China
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US to reassure China on fiscal discipline
US Treasury Secretary Tim Geithner will reassure Chinese leaders that the US is commited to long-term fiscal discipline on his trip next week to Beijing, a senior Treasury official said
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May 29th, 2009, 01:40 PM
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Re: US to reassure China on fiscal discipline
Mr Geithner will also urge his hosts to accelerate moves to shift the composition of China’s economy, so it relies less on exports and more on domestic demand, the official added.
His comments came amid heightened concern in US markets about China’s continued appetite for US government bonds and other assets and anxiety in China about potential losses on its US investments. Richard Fisher, the president of the Dallas Fed, on Thursday challenged the view that foreign central banks are shying away from longer duration Treasuries, saying “there continues to be strong demand”. More... |
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