Geithner in China for trade talks
China was not even in the top 10 largest investors list ten years back, for US. But everything has changed drastically in the last five years. China has been recorded record trade surplus month after month, and has invested huge amount in US treasuries.
Now China is the largest investor in US treasuries and holds over 1.3 trillion dollars worth of US papers, and the US cannot afford to lose further investments from China. But China has been fearing depletion of US dollar value since 2008 beginning, and has started reducing its investment in US treasuries drastically.
This is expected to hurt US more than China, and hence the US treasury secretary Timothy Geithner has gone to China to handle the ticklish issue.