U.S. Treasury Secretary Timothy Geithner delivers his speech at the National School of Development of Beijing University, China Photo: GETTY From The Telegraph:
China must be given a seat at the top-table of world economic affairs, the US treasury secretary, Timothy Geithner, said yesterday as he moved to reassure China that its investments in the US dollar were safe.
On the day US car giant General Motors filed for bankruptcy protection, Mr Geithner, said that mutual co-operation between China and the US was now fundamental to bringing the world out of the global financial crisis.
"China is already too important to the global economy not to have a full seat at the international table," Mr Geithner said in a speech at the University of Peking, promising to support greater representation for China in world financial institutions.
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My Comment: I never thought I would live the to see the day when the U.S. concedes its financial/economic power and strength to a "Communist" regime like China. This is a sad day for all.
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