U.S. Minister of Finance->> European Crisis, We're Stronger Position!

Sunday, May 23, 2010 - 10:23 PM

SHANGHAI Reporting - Minister of Finance 'Timothy Geithner' said the global economy began to experience improvement, related to the impact of the crisis that originated from Europe. This was conveyed by news agency "Xinhua" reported on Saturday, May 22, 2010.

"You see some challenges in Europe today. But I think we are in a stronger position to manage the challenges," he told the 'Xinhua' in an interview in 'Washington DC', before heading to Beijing for high-level economic discussions, as quoted 'Reuters', Sunday, 23 May 2010.

'Geithner' also said the dollar is experiencing a resurrection, because of growing investor confidence about the recovery of the United States (U.S.).

Treasury Secretary will arrive in Beijing on Sunday, for a meeting and the Strategic Economic Dialogue, which will be chaired by U.S. Secretary of State, is the 'Hillary Clinton'.

Furthermore, this state officials on Monday and Tuesday will discuss to find ways to better balance, especially the dollar and strengthening bilateral ties in trade relations.

U.S. still has the largest economy in the world and China has one of the fastest growing, so the 'Geithner' said the cooperation between the two is very important for a healthy global growth.

"China and the United States are doing what we need to do to help contribute to the recovery of the broader global economy," he said. (Otofinanceinfo).