US Treasury Secretary Tim Geithner will reassure Chinese leaders that the US is commited to long-term fiscal discipline on his trip next week to Beijing, a senior Treasury official said on Thursday.
Mr Geithner will also urge his hosts to accelerate moves to shift the composition of China’s economy, so it relies less on exports and more on domestic demand, the official added.
His comments came amid heightened concern in US markets about China’s continued appetite for US government bonds and other assets and anxiety in China about potential losses on its US investments.
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