SubscribeAll Posts Tagged With: "China Daily"
Dialogue Opened With China, Dollar Strength Still in Question
Two days of talks between U.S. Treasury Secretary Timothy F. Geithner and Chinese officials culminated yesterday (Tuesday) with both parties reaffirming their confidence in the value of the dollar, and the viability of U.S. debt.
Despite this public posturing, however, concerns remain about the dollar’s near-term strength. And given the United States’ precarious financial position, many observers question the dollar’s long-term ability to remain the world’s main reserve currency.
Chinese policymakers expressed “justifiable confidence in the strength and resilience and dynamism of the American economy,” Geithner said during his first official visit to China.
China is…
3Jun2009 | Money Morning | 0 comments | Continued
Loading ...
