It’s no secret that the appointment of Timothy Geithner by Barack Obama has aroused excitement on Wall Street. But China is quite ecstatic in its own right about the incoming Secretary of Treasury. The reason? Geithner’s ties to China. In fact, some news organizations in China have been calling him a ä¸å›½é€š or “old China hand”.
Here’s the scoop on Geithner’s ties to China, from an article published in China News (ä¸å›½æ–°é—»ç½‘ï¼‰:
[Princeton University Professor Zou Zhizhuang] and Geithner’s father spent 12 years working closely together. From 1984 to 1996, they worked very hard together to promote the education of modern economics, including for Ford’s training plans. “When Geithner was young, I saw him in China. But after he went to the Federal Reserve in New York, I never ran into him again.”
Because of this history, Geithner has the advantage of more international experience compared to many other high officials, so some of the media have called him an “old China hand.”
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According to records, from an early age Geithner lived with his Ford Foundation employed father in Asia and Africa. He has studied Japanese and Chinese, and received a bachelors degree from Dartmouth University in government and Asian studies. Afterwards, he received a master’s degree in East Asian studies from Johns Hopkins University’s School of Advanced International Studies. In 1985, he served as the Asian Affairs Expert in [Henry] Kissinger’s company
Update: In Barack Obama’s speech today, introducing Timothy Geithner and the rest of the economic team, he mentions Geithner’s international experience in Asia and his understanding of Chinese (and Japanese) as part of his qualifications:
Tim’s extensive international experience makes him uniquely suited for this work. Growing up partly in Africa and having lived and worked throughout Asia; having served as Under Secretary of the Treasury for International Affairs — one of many roles in the international arena; and having studied both Chinese and Japanese, Tim understands the language of todayâ€™s international markets in more ways than one.