Your assets are safe, Geithner tells China

Timothy Geithner, US treasury secretary, sought to reassure the US's largest foreign creditor regarding its investments in dollar-denominated government debt.

"Chinese assets are very safe," Geithner said in response to a question, a reply which drew laughter from the audience at Peking University, where Geithner himself had studied in 1981.

China holds almost two billion dollars in foreign reserves most of which is thought to be in dollar-denominated assets. Data for March showed the country o