Current Event 10/6/10

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/06/AR2010100602665.html?hpid=topnews

In order to ensure that the global economy continues to get better, US Treasury Secretary Timothy F. Geithner feels like China should change their currency. Geithner says that in order for the global economy to get better, all countries must communicate with each other and cooperate in order to create an easier trade and exchange market. Countries should begin to focus on domestic trade rather than continuing to rely on their exports in order to make the national economies better which will in turn make the global economy better. Geithner says that if the largest economic countries' growth rates slow down, it will negatively affect the global economy and all of the other national economies. Because China is a major economic country, Geithner feels like the focus on changing China's currency should be a global focus and issue rather than just an issue that the United States feels is important.