20-Sep-2010 11:05 AM

China is the US' fastest-growing overseas market: Treasury

US Treasury Secretary, Timothy Geithner, stated China is the fastest-growing major overseas market for the US, with US merchandise exports to China surging 36% year-on-year so far this year, and that the two countries have “very significant” economic interests (Xinhua, 17-Sep-2010). However, Mr Geithner contended that the pace of China’s currency appreciation was not quick enough.