US Treasury Secretary acknowledges part of U.S. economic recovery thanks to China market

Source: Internet
Author: User
Keywords The Chinese market the US economy the finance minister owes
Global network reporter Tanlia reports, according to "USA Today" September 20, U.S. Treasury Secretary Timothy Geithner 20th, the NBC financial channel reporter Maria Batty rama, talk about a series of economic problems in the United States, which, when talking about the Chinese market, Mr Geithner said emerging markets such as China offered many opportunities to the US.  Here's a partial excerpt: Q: How important are emerging markets such as China and India to U.S. growth? A: These are the most populous and fastest-growing countries on the planet. Their demand for a range of things is growing fast, and Americans are the only ones who are good at producing them.  We have great interests in those markets, and some areas of our economy look strong, such as high technology and the first manufacturing sector to begin to recover, thanks in part to the strength of such companies in these emerging markets.  Q: So, are we selling products to their markets because there are so many people there? A: It's not just because those countries have a lot of people, but also because they are growing fast.  And as their country continues to prosper, they will need a lot more-and many of what we are good at, not just airplanes and High-tech products, but other goods.  Q: Norrill Jobini, an economist at New York University, once said that the likelihood of a two dip in the economy is 40%. A: I have conversations with business people in every part of the country, and I will take a closer look at the views of private forecasters on the prospects for economic growth.  Most people think that a two dip is a very low probability. Of course, economic recovery will be much more difficult after the financial crisis, and this possibility is certain. The economic recovery will be more slow, longer and more unbalanced, which is the tragic reality of the financial crisis. But I would like to stress again that I think our economy is growing stronger.
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