Search results: Geithner

Geithner Faces China Skeptics

“Watch us…and watch what we do—in staging a strong recovery and controlling the rising deficit.” Those were the words of US Treasury Secretary Timothy Geithner as he faced Chinese skeptics at a China Daily news conference on Tuesday. On numerous occasions over the past several days, Geithner’s message was that the United States will spawn […]

Geithner as Bond Salesman

Before Secretary of the Treasury Timothy Geithner headed to Beijing over the weekend, a senior Treasury Department official was quoted as saying that Geithner plans to press Beijing to take drastic measures to turn China’s economy into one that depends heavily on sales to domestic consumers and less on sales to the U.S. and other […]

Treasury Secretary Geithner: Barking Up The Wrong Tree

Through Timothy Geithner, the new Treasury Secretary, the Obama Administration has signaled that the relationship between the United States and China may be headed for choppy waters. In written testimony for his confirmation hearing, Mr. Geithner said that President Obama, “backed by the conclusions of a broad range of economists — believes that China is […]

A123: Another Test For China’s U.S. Expansion Plans

The pending auction of the battery business of A123 Systems, Inc. (OTC Markets: “AONEQ”) will present yet another test for the U.S. expansion plans of Chinese companies interested in becoming global players. On October 16, A123, a Massachusetts-based company that designs, develops, manufactures, and sells rechargeable lithium-ion batteries and energy storage systems, filed for bankruptcy […]

What You May Not Know About China

What You May Not Know About China

I’m not a trained economist, so when I want to understand what is really happening in China’s economy, I always turn to others who are. My “go to” guy in this regard, by a wide margin, is Andy Rothman, China Macro Strategist for CLSA Asia-Pacific Markets. I have known Andy for a long time. He […]

Bo, Chen and Doing Business in China

Bo, Chen and Doing Business in China

Political events in China have dominated the news over these past few months, overshadowing stories about the country’s economy that usually make the headlines. It began on February 6 when Wang Lijun, Chongqing’s chief of police, sought refuge in the United States Consulate in Chengdu. Fearing for his life at the hands of Bo Xilai, […]

Boeing Flies The Friendly Skies of China

Boeing Flies The Friendly Skies of China

On the eve of the May 1 holiday in China, China Eastern Airlines, based in Shanghai, announced that it is buying 20 Boeing 777 jets worth nearly $6 billion, while also selling five Airbus A340s to the U.S. plane maker. China Eastern said it’s selling the Airbus A340-600 airplanes worth $708 million to Boeing because […]

The U.S. And China: Agreeing to Disagree

The U.S. And China: Agreeing to Disagree

Chinese Vice President Xi Jinping’s week-long trip to the United States was largely uneventful, but generally successful for China and Xi himself. The future leader of China met with the leaders of the U.S. on equal terms, and the public appearances portrayed a harmonious relationship between the two global superpowers. At the same time, Xi […]

Is the Renminbi Undervalued?

Is the Renminbi Undervalued?

U.S. Treasury Secretary Timothy Geithner certainly thinks so. So do Democratic Senator Chuck Schumer and Republican Presidential hopeful Donald Trump. They all point to the massive trade deficit that the United States is running with China as evidence that the Middle Kingdom’s currency policy is giving Chinese manufacturers an unfair competitive advantage. As we’ve reported […]

Can China’s Relationship With The U.S. Take the Next Step?

Businessmen and diplomats certainly hope so. Expectations for Chinese President Hu Jintao’s trip to the United States are running high on both sides of the ocean. President Barack Obama is rolling out the red carpet, complete with the full pomp of a 21-gun salute and a black-tie dinner after Oval Office talks on Wednesday. People’s […]