Geithner returns to north China-U.S. cooperation to promote economic recovery

BEIJING, June 1: Geithner returned to the University of China and the United States to promote economic recovery, U.S. Treasury Secretary Timothy Geithner, a day to the "alma mater" Beijing University, in Chinese and English to the teachers of the year to express their gratitude, and called for greater cooperation between the two countries to promote the world economy and growth. "The first time I came to China and Peking University was in the summer of 1981, when I was a college student who studied Mandarin." I am here with some graduate students and undergraduates from the United States.　　"In that year, Mr. Geithner came to Peking University for 10 weeks of Chinese studies through the American Association for International Education Exchange." The long run garden in Weiminghu is one of the eight ancient gardens in the Qing Dynasty. Rockery scattered, flowers and trees well-spaced, pavilions, tree-shaded, both the Jiangnan Garden of ancient rhyme, and rich royal house of the appearance.　　10 o'clock in the morning more, when the Geithner line came here, by the teacher Gao Wen and Fourmin welcome. Years left, the middle-aged teachers are now white-haired, the former young students have now become the U.S. Treasury Secretary. After expressing his gratitude to the teacher in English, Geithner said "Thank you" in Chinese. He told the teacher that he hadn't studied Chinese for more than 20 years.　　But today came to Peking University is very happy, weiminghu the Swallow garden change is not big. "We study quite hard and have the honor to work with many excellent professors, some of whom are here today," he said.　　We traveled throughout the city and traveled in eastern China, and we have not only the opportunity to understand your history and your ambitions, but also to begin to see America through your eyes. After a brief recollection of the past, "the world economy is going through the most challenging economic and financial pressures of the years," he said, adding that the United States and China are working together to forge a strong global strategy to contain the crisis and lay the groundwork for economic recovery. In particular, when the crisis intensified,　　China has quickly launched a strong expansion of domestic demand and increased investment plans. With the joint efforts of the United States and the world, "we are beginning to see some initial signs of improvement." The global recession appears to have lost its power ", but this is only the first step in laying the groundwork for an economic recovery," the process of repair and adjustment takes time ".　　Geithner said that most of the world's economies are facing a severe risk of recession, and China, as a developing country, has its own obvious challenges, "but you are in an enviable position of strength." Geithner said that curbing the global recession and building a more balanced and stable global economy requires very significant changes in economic policy and financial regulation. "But some of the most important parts of these changes will have to be done in the US and China." The degree of success we have in Washington and Beijing will be critical to the rest of the world.　　The effectiveness of U.S. policy will depend in part on China and vice versa. Geithner said China and the United States have expressed strong willingness to cooperate in the reform of the international financial system. He stressed that the United States will fully support China to play a greater role in this reform, the effectiveness of China and the international financial institutionsRate, as well as for the world economy are necessary.　　"China is already too important to the global economy, and if China is absent, the negotiating table for reform of the international financial system will be incomplete".　　Mr Geithner also called for closer cooperation between China and the United States to ensure that the global trade and investment environment remains open to meet the challenges of climate change, "we must continue to work for our country and the planet." Mr Geithner concluded that China and the United States share common interests and responsibilities, and that "the global problem will not be resolved without U.S.-China cooperation." This includes all the problems facing our world, from economic recovery and financial rehabilitation to climate change and energy policy, and we hope to "work together" in a spirit of mutual respect. Finish)