Financial Times FT.com

US to reassure China on fiscal discipline

By Krishna Guha in Washington

Published: May 29 2009 00:12 | Last updated: May 29 2009 00:12

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.

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