by Calculated Risk on 12/04/2008 05:00:00 PM
Thursday, December 04, 2008
From Brad Setser at Follow the Money: China is starting to sound like a normal creditor country
Most creditors believe that the debtor needs to take the lead in addressing their own problems. China is, apparently, no different.Brad references two articles, the second, James Fallows' interview with China's Gao Xiqing is here: “Be Nice to the Countries That Lend You Money” Worth reading ...
Also there were stories floating around this morning about People's Bank of China Gov. Zhou Xiaochuan making an unscheduled visit to the U.S. Actually it is a scheduled meeeting according to Dow Jones: China, US Open Talks But Breakthroughs Unlikely
People's Bank of China Gov. Zhou Xiaochuan left for the U.S. soon after giving his morning speech at the [Strategic Economic Dialogue] SED. He will attend the Group of 30 meeting in the U.S. being hosted by Timothy Geithner, Obama's nominee for Treasury Secretary.
According to a person at the international department of the PBOC who declined to be named, Zhou will attend the G30 meeting in New York from Dec. 4-6.
Posted by Calculated Risk on 12/04/2008 05:00:00 PM