BEIJING — Despite apparent public sentiment in China to the contrary, U.S. Treasury Secretary Timothy Geithner said here Tuesday that Chinese government officials are confident of the stability of their large investment in U.S. dollars.
Geithner, wrapping up his first official visit to China to meet with the country’s top leaders, told state-run television that he believes Chinese officials are optimistic about their American investments. China has invested an estimated two-thirds of its foreign currency reserves in dollars and has not moved the investment, despite the U.S. and global economic downturn.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)