Word: jiabao
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...Geithner concluded his maiden journey to China as Treasury Secretary on Tuesday by meeting the two most powerful men in the nation that is the biggest creditor of the United States: President Hu Jintao and Prime Minister Wen Jiabao. The man whose name now graces dollar bills in the United States was, in effect, meeting his bankers. But if those two pressed the Treasury Secretary about whether their government's huge investments in the U.S. are safe - the way some of their colleagues "grilled" Fisher, Geithner's former colleague on the Federal Reserve Board - it's a secret. Indeed...
...crisis as a transformational moment in China's rise and the decline of the U.S. "They've criticized the dollar and asked for a new global reserve currency. They've criticized the U.S. role in the International Monetary Fund," says Beijing-based China scholar Russell Leigh Moses. Premier Wen Jiabao recently pleaded with Washington to safeguard China's investment in U.S. bonds, which will decline in value if the dollar weakens on foreign-exchange markets. That too, says Moses, was a reminder to the U.S. that "you aren't in the driver's seat anymore and maybe you should move...
...bonds will not be debased as a result of America's rising deficits. Indeed, a question Geithner heard from a bright young Peking University student is the same one he'll hear on Tuesday, when he is scheduled to meet with Chinese President Hu Jintao and Prime Minister Wen Jiabao: How safe are Chinese investments in U.S. Treasury debt...
...referendum on applying for U.N. membership under the name Taiwan. Ma, on the other hand, has promised not to declare Taiwan an independent state, a position that has made it easier for Beijing to cooperate with Taipei. During China's National People's Congress in March, Chinese Premier Wen Jiabao dangled an olive branch, saying that Beijing stands ready to "create conditions for ending the state of hostility and concluding a peace agreement between the two sides of the Taiwan Strait." (Read "Taiwan's Leader Keeps Low Profile Abroad...
...case, and the 63 passengers who sat closest to him on his flight are being tracked by government officials to be quarantined for a week in a remote holiday camp in the region. In Beijing, a student recently returned from the U.S. video-chatted with Chinese Premier Wen Jiabao from her hospital bed after being confirmed as the mainland's third swine flu patient. (See pictures of the swine flu in Mexico...