US new Treasury secretary's first visit to China may not raise currency issue

U.S. Treasury Secretary Timothy Geithner will begin his visit to China on May 31, and will meet with Chinese President Hu Jintao and Premier Wen Jiabao, who are expected to discuss the U.S. budget deficit and China's investment in US Treasury bills, but are not expected to raise the currency issue. According to Taiwan's "Central Society" 28th, Mr. Geithner's visit will be his first visit to China after his tenure as finance minister.　　U.S. Treasury officials point out that he will also discuss with Chinese officials the issue of reducing emissions, in addition to the interests of U.S. companies.　　Reported that the U.S. Senate in January this year to review the Geithner nomination, although he had in the written report mentioned Beijing to manipulate the renminbi exchange rate, but his visit to China may not mention the issue of the renminbi exchange rate. The New York Times notes that U.S. President Barack Obama mentioned Beijing's currency manipulation during the campaign, which has won the support of many trade unionists. Now the Obama administration is unwilling to exaggerate the issue of the renminbi, reflecting the fact that it has had to face the truth when it comes to power.