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USA-CHINA/TREASURIES
RTR2OA6Z
June 30, 2011
U.S. Treasury Secretary Timothy Geithner arrives at the National School of Development of Peking University...
Beijing, China
To match Exclusive USA-CHINA/TREASURIES
U.S. Treasury Secretary Timothy Geithner arrives at the National School of Development of Peking University in Beijing in this June 1, 2009 file photo. A little noticed 2009 change in how Washington sells its debt sheds new light on America's delicate balancing act with its biggest creditor, China. When the U.S. Treasury Department revamped its rules for participating in government bond auctions two years ago, officials said they were simply modernizing outdated procedures. The real reason for the change, a Reuters investigation has found, was more serious: The Treasury had concluded that China was buying much more in U.S. government debt than was being disclosed, potentially in violation of auction rules, and it wanted to bring those purchases into the open - all without ruffling feathers in Beijing. To match Exclusive USA-CHINA/TREASURIES REUTERS/Andy Wong/Pool (CHINA - Tags: POLITICS BUSINESS)
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