US Treasury Secretary Timothy Geithner: China, us to build new bilateral relationship

U.S. Treasury Secretary Timothy, who is visiting Beijing, said in an interview May 31 that the United States wants to strengthen economic ties with China, which is one of his main goals for the visit. This is Geithner's first visit to China as finance minister.　　In an interview with Chinese leaders before the meeting, Geithner said President Obama's U.S. government wants to forge a new bilateral relationship with China. "We look forward to a relationship with China as if we had a relationship with the group of seven over the past few decades," Geithner told fellow reporters.　　The group of seven countries includes the 7 traditional economic powers of the United States, Japan, Germany, Britain, France, Italy and Canada. Geithner travelled to China on a military aircraft and had been handling various matters in the cabin during the flight.　　The aircraft is equipped with state-of-the-art communications equipment so that Mr Geithner can talk to summers, the chief adviser to the Treasury's Auto Working Group, Steven, and Obama's economic advisor on the progress of GM's filing for bankruptcy protection. For most of the journey, Geithner handled his business in a dedicated room at the rear of the cabin. He was not talking on the phone, discussing the problem with his assistant, or revising his speech, which was to be published at Beida today. Mr Geithner will address the global economy and Sino-US relations at Peking University.　　He studied Chinese at Peking University for a short time.　　During the Beijing University, Geithner will also meet with former teachers and visit an economist training program set up by the Ford Foundation, which was set up when his father, Mr. Geithner, was head of the Ford Foundation's Asian affairs. Geithner also expressed his views on the outlook for U.S. economic development, saying that although the U.S. economy has been in its longest recession since the Second World War, it has stabilized.　　But he cautioned that the United States and other major economies still needed to do enough to ensure that the economic recovery was well sustained. Mr Geithner also suggested that as the world's third-largest economy, China should have more say in financial institutions such as the International Monetary Fund. "We are committed to reforming the existing global system. It is in our interest to give China more power of speech. ”