Geithner's Message to Beijing: Your Money Is Safe

The treasury secretary's job is to reassure Chinese leaders that their investment in U.S. treasuries is secure

Monday, June 01, 2009

U.S. Treasury Secretary Timothy Geithner is in Beijing for a two-day visit to meet with top Chinese government officials including President Hu Jintao and Premier Wen Jiabao. He is there to reassure his Chinese hosts they they need not worry about the $770 billion they've invested in U.S. treasuries. China being the biggest single purchaser of U.S. treasuries. The Takeaway is joined by BBC's Quentin Somerville who is in Beijing and following this closely.

For more on Geithner's visit to China, watch the video below.

Guests:

Quentin Somerville

Comments [1]

Dave Brubeck

I feel China should pull its money out of treasuries as soon as possible. The US government is driving the country so far into debt that the value of the dollar is going to take a huge decline. That and the enormous inflation we will be facing in the future is going to be devastating. Debt is the cause of our problems not the solution.

Jun. 01 2009 08:24 AM

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