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
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

RECENT
SHOWS
Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

 
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Our Week In The Web: July 3, 2015
Friday, Jul 3, 2015

We made a lot of last-minute programming changes these past few weeks, and you stuck around with us through it all. Thanks!

More »
1 Comment
 
Election 2016: Who Exactly Is Running For President?
Tuesday, Jun 30, 2015

Who is running for President, anyway? We attempt to help you figure it out.

More »
9 Comments
 
Our Week In The Web: June 19, 2015
Friday, Jun 19, 2015

Why our broadcast changed in different markets this week, and a closer look at a puppet theatre vandalism in rural Norway. (Really).

More »
Comment