Tolerant Tim

29 May 2009 By John Foley Follow @johnsfoley

Don t expect verbal grenades from Treasury secretary Geithner on his first state visit to Beijing, despite his past swipes at Chinese currency manipulation. It s pointless to lash out after all, supertanker economies take a long time to turn around. But turn around they must.

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Timothy Geithner, the US Treasury secretary, is due to visit Beijing for three days of talks from May 31 with Chinese leaders, in his first visit since taking office.

Geithner is expected to thank China for helping to restore global stability with its Rmb4 trillion ($585bn) fiscal stimulus plans, and ask that China speed up its transition from an economy driven by exports to one driven by private consumption, Reuters reported.

Geithner caused controversy in January by suggesting China was managing down the value of its currency, the yuan, but later shied away from officially labelling China a currency manipulator.

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Tolerant Tim

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