Georgia Anderson – Daily Financial News – Daily Financial News

by Georgia Anderson on Jun.03, 2009, under Daily Financial News

China is being considerate enough in saying that US is capable of repaying its debts. In his recent trip to China the US Treasury Secretary has tried to assure the Chinese counterparts about US’s capabilities and commitments. When reports last came in it was confirmed by him after meeting top leaders in Beijing.

China has invested nearly $800 billion in U.S. government securities and has been lecturing both in private and public to Washington on its spendthrift fiscal policy. So it came as no surprise that US Treasury Secretary Tim Geithner in his maiden China trip had to deal with some of the heat. In fact only yesterday Chinese students laughed it away as Geithner was trying to reassure a questioner about china’s investments in the US as “very safe.”

However, when the Treasury Secretary met the President and the Prime minister of the nation, the mood was more of an appeasing in nature. Surprisingly the issue was not even discussed when Geithner met President Hu Jinato. Geithner later said that their Chinese counterparts have a sophisticated understanding about the things that were going on and that US is committed to walk back to good times in the finance sector very soon.

Two decades past Tiananmen | GoUpstate.com | Spartanburg Herald-Journal | Spartanburg SC

It’s wonderful that the Chinese have the money and the freedom to enjoy Twitter and Flickr and thousands of other Web sites. It’s a travesty, though, that in preparation for the Tiananmen Square anniversary, Chinese citizens were blocked from accessing those sites, along with about 6,000 others.

Tiananmen Square itself was closed, Chinese media made no mention of the anniversary, and martial law descended on anyone considered likely to raise a fuss.

This should have been a week when, spurred by the anniversary, the United States was pressing China to increase freedoms. Instead, Treasury Secretary Timothy Geithner was in that nation trying to reassure the Chinese that their investments, $1.5 trillion in U.S. dollars and the $800 billion in U.S. debt, are safe.

Most have also figured by now where they’ve been hiding that big statue, looks like the most likely place is where they’ve been blowing all that smoke… Gonna need a Doctor with a huge crane to extract this enema that has been so far shoved up the assets of the American people, everyone’s eyes are crossed and seeing double trouble. Suppose it could be worse… Cheney could still be in office (you mean he’s not