Eunice Yoon of CNN uses two jars made of glass and scoops of rice to explain the reason why the Chinese are buying up scoops of American government issued bonds. Let's watch her explanation.
US Treasury Secretary Timothy Geithner is now in China to promote closer US-China economic relations. Steve Liesman of MSNBC reports from Beijing:
MSNBC notes that China is by far the biggest US creditor, holding $768 billion in US Treasury securities. More on this story in this MSNBC article, Geithner: 'Financial system is starting to heal.'