90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Geithner Goes to China
U.S. Treasury Secretary Timothy Geithner, third from right, speaks during a meeting with Chinese Vice Premier Wang Qishan, third from left, at the Great Hall of the People in Beijing, China, Monday, June 1, 2009. Geithner said Monday that the global recession seemed to be losing force but that it will be critical for the United States and China to

U.S. Treasury Secretary Timothy Geithner, third from right, speaks during a meeting with Chinese Vice Premier Wang Qishan, third from left, at the Great Hall of the People in Beijing on Monday, June 1, 2009. (AP)

While Barack Obama was dealing with the bankruptcy of GM yesterday, U.S. Treasury Secretary Tim Geithner was in Beijing, dealing with what may be even bigger issues for the USA.

China is now the biggest holder of U.S. government debt. When the U.S. spends money on GM or Iraq or stimulus at home, that is — in a very real sense — China’s money.

Geithner was there to make sure Chinese leaders believe the U.S. is good for it. A new poll, out while he was there, found 87 percent of Chinese respondents believe it is not.

This hour, On Point: Soothing America’s banker — China.

You can join the conversation. Tell us what you think — here on this page, on Twitter, and on Facebook.

Guests:

Joining us from Beijing is James Fallows, national correspondent and widely read blogger for The Atlantic. He’s been based in China since 2006, and his latest book, “Postcards from Tomorrow Square,” collects his articles for the magazine during that time. His piece “Be Nice to the Countries That Lend You Money,” an interview with the president of China Investment Corporation, appeared in the December 2008 issue.

In our studio we’re joined by Li Jin, professor of finance at Harvard Business School. He has taught at Fudan University in Shanghai and served as a consultant for Shanghai International Securities Co. Ltd.

And from New York we’re joined by Brad Setser, economist and fellow at the Council on Foreign Relations. He has worked at the U.S. Treasury Department and the International Monetary Fund. You can read his latest thoughts at his blog, Follow the Money.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Nov 26, 2014
Getting together with your family and loved ones at Thanksgiving and the holidays doesn't have to lead to  arguments and fights. (Meg Hunt / Flickr)

The Thanksgiving get-together and all the family drama trimmings. Sage advice from advice columnists.

Nov 26, 2014
A 1597 map of Lesbos / Mytilene, Greece by Giacomo Franco. (Flickr / Creative Commons)

How Aristotle invented science. The great ancient Greek, and life on Earth.

RECENT
SHOWS
Nov 25, 2014
A 40-pound tom turkey looks out at Raymond's Turkey Farm in Methuen, Mass., Friday, Nov. 21, 2014. The farm raises approximately 20,000 Broad Breasted White Holland turkeys per year. (AP)

We’ll talk turkey and all the sides. Top chefs join us to answer your Thanksgiving questions.

 
Nov 25, 2014
A protester squirts lighter fluid on a police car as the car windows are shuttered near the Ferguson Police Department after the announcement of the grand jury decision not to indict police officer Darren Wilson in the fatal shooting of Michael Brown, an unarmed black 18-year-old, Monday, Nov. 24, 2014, in Ferguson, Mo. (AP)

Grand Jury decision out of Ferguson — no indictment. We’re on the ground with the latest details and reaction.

On Point Blog
On Point Blog
Last-Minute Thanksgiving Luxury
Tuesday, Nov 25, 2014

Our three Thanksgiving chefs offer up their best bets for delicious, last-minute holiday helpers, including a crunchy celery salad and maple glazed carrots.

More »
Comment
 
Calling All Interns, Calling All Interns
Monday, Nov 24, 2014

Have you ever thought about interning with On Point Radio? Good news: your time is now!

More »
Comment
 
The Explicast, Episode Six: What Does A White House Press Correspondent Do?
Friday, Nov 21, 2014

We turn to White House Press Correspondents all the time for news, but we’ve never really wondered how they gather their information. Fortunately, our guest host Jessica Yellin had time to sit down with The Explicast to explain.

More »
Comment