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北京大学英语新闻网/Peking University News
U.S Treasury Secretary Geithner
Delivers a Speech at PKU
PKU NEWS 2009—06--03
http://ennews.pku.edu.cn/news.php?s=243994119
Peking University, June 2, 2009: Invited by Chinese Vice Premier Wang Qishan, the
Treasury Secretary of the United States Timothy Geithner arrived in Beijing on May
31st on a three-day official visit to China. On the morning of June 1st, Mr. Geithner
paid a visit to his alma mater Peking University and delivered a speech at the
National School of Development.
Mr. Wu Zhipan, Vice Executive Director of the University Council of PKU, Mr. Li
Yansong, President Assistant, Mr. Zhou Qiren and Mr. Wu Hemao, Dean and Vice
Dean of the National School of Development, and Prof. Fu Min and Prof. Hao
Wenyuan, the former Chinese teachers of Mr. Geithner attended his speech. In the
speech entitled ―The United States and China: Cooperating for Recovery and
Growth,‖ Mr. Geithner highly valued the important role of the Sino-U.S cooperation in
global economic recovery and growth.
Mr. Geithner stated in his speech, ―the world economy is going through the most
challenging economic and financial stress in generations, and in the face of this
challenge, China and the United States are working together to help shape a strong
global strategy to contain the crisis and to lay the foundation for recovery.‖ And the
combined efforts of different countries had helped slow the deterioration pace in
growth and repair the financial system. He said that the recovery would be slow and
take a long time; the countries around the world needed an unprecedented growth
mode.
He also stressed that the economic recovery should lay a foundation for the more
balanced and sustained global economy in the future. He remarked that there were
similar domestic challenges facing China and the United States: both countries were
committed to reforming the financial system. The common challenge for the two
countries was to recognize that a more balanced and sustained global recovery
would require changes in the composition of growth in the two economies.
As to the international financial reform, Mr. Geithner highlighted that the G20
Leaders meeting had committed to a series of actions to help reform and strengthen
the international financial architecture, including a stronger framework of standards
for supervision and regulation of the financial system, and an ambitious program of
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