Geithner Sees Need for 1970s-Style Shift in China Economy
U.S. Treasury Secretary Timothy F. Geithner said the country has a “strong interest” in China’s ability to reshape its economy in favor of consumption and private growth and away from exports and state-owned enterprises. “In China, you are in the process of exploring the next frontier of economic reforms, recognizing as your predecessors did more than 30 years ago, that future economic growth will require another fundamental shift in economic policy,” Geithner said in remarks prepared for the opening of annual U.S.-China talks in Beijing today. “The United States has a strong interest in the success of these reforms, as does the rest of ... (full story)
- If you had the golden goose would you buy magic beans,I cant think of the words to describe geithner and the american policy on world markets it like a presumed mandated dynasty with no accountability,would america devalue its currency to prop up zimbawee?How can he assume or presume that a mind you communist orientated china is obligated or even concerened about devaluing their currency to prop up the american dollar,what is he thinking they are probably concerned about the well being of the american econmy as we are with zimbawee or any other third world country.
- Posted: May 3, 2012 12:23am
- Submitted by:Category: Fundamental AnalysisViews: 888Comments: 1