February 20, 2009
Posted: February 20th, 2009 05:22 AM ET

From
 U.S. Secretary of State Hillary Clinton will arrive in Beijing on Friday.
U.S. Secretary of State Hillary Clinton will arrive in Beijing on Friday.

BEIJING, China (CNN) – When Hillary Clinton visits Beijing this week, her Chinese hosts will closely watch her body language and parse her every word. Her first trip here as the U.S. secretary of state comes in the shadow of the global financial crisis, the pressing North Korea nuclear issue and a warming planet.

The U.S. Congress has passed a massive stimulus bill that will plunge America even deeper into debt. Will China help out?

About $700 billion of China's $1.9 trillion of foreign reserves are in U.S. Treasuries. If China sold those assets, U.S. interest rates would spike and would further decimate China's export industries. Such a scenario would be distasteful for both Washington and Beijing, and that's why it's critical that Clinton convince the Chinese to hold this arrangement together.

Why should China buy even more?

"There's some protectionist language in the stimulus package," said James McGregor, who runs JL Mcgregor & Company, a business consulting company in Beijing. "During the campaign, Hillary called on the president (George W. Bush) not to attend the opening ceremony of the Beijing Olympics. China doesn't know what to think of them. She's got to come here to build trust." The stakes are high for America.

Full Story

Filed under: Hillary Clinton


Kent   February 20th, 2009 11:25 am ET

The Chinese government should be ecstatic at this economic meltdown. After all, isn't this exactly what Karl Marx said would happen? This financial crisis created by corporate greed validates the manifesto, doesn't it?

Well perhaps China isn't communist after all. I've been there. I've seen the billboards and the toll booths. I've seen the rich in their fancy cars and the old women trying to sell heads of cabbage on their doorsteps. I've seen the huge sweatshops where young people toil seven days a week while the factory owners proudly give tours to their American customers.

If China had stayed true to Marxism they would be completely immune to this capitalist debacle. But I guess they got greedy also.

Republicans are ankle biters   February 20th, 2009 10:28 am ET

@Larry Morono,Hillary is far from a liberal or protectionist.Her husband sold us out to the chinese,destroying our manufacturing base and outsourced millions of tech jobs to india.It created short term wealth for some,but long term hardship for working Americans.

Mari   February 20th, 2009 10:25 am ET

Considering that BUSH borrowed from CHINA....... SAUDI ARABIA ( the nation whose nationals attacked us on 9/11) and Dubai, we need to 'play' nice with China!

What people on the far-right, never seem to understand or admit is that BUSH's irresponsible spending has placed our Nation in a VERY dangerous situation! The bulk of the National debt, WHICH BUSH DOUBLED (thanks)....... is owed to China. ALL that China has to do is demand payment and we are........... DOOMED.

BUSH took office when Pres. Clinton had balanced the budget; left BUSH a *** budget surplus***........ an economy that was growing and strong, and a National debt that Clinton had been paying DOWN!

BUSH LEFT OBAMA A DISASTER......... BUT........ THE FAR-RIGHT CAN ONLY CONDEMN, CRITICIZE AND DEMEAN A NEW PRESIDENT DOING HIS BEST TO DIG AMERICA OUT OF THE............BUSH DISASTER...................!

Debby   February 20th, 2009 10:23 am ET

This is a walk in the park for Hillary with foreign relations as she was once First Lady. I wouldn't send gaffe duck Biden he might start WW3. LOL

George   February 20th, 2009 10:20 am ET

Right now America needs to be first, especially with our stimulus money. Buy American in this critical time makes sense. Its our jobs leaving, its our tax dollars that are going to help our economy. Should we all say lets buy foreign, forget American made? We have done this for the past 30 years and now you see where we are. Fair trade is fine, but trade is trade and outsourcing is outsourcing. Trade and outsourcing jobs are not the same. Thieves in suits sell our jobs and
get wealthier and could care less about our jobs ,families or our children's future. Then the same thieves give themselves bonuses with our money . A kid graduates from college and is told India is hiring. Lets put America first. A weak America will never be able to help the rest of the world and there are many places that do need help.

To: Judy from PA   February 20th, 2009 10:16 am ET

Judy, if that's how you really feel bout our president then that's they way you feel. This internet thing has more than enough reliable, accurate information about our president. If you bothered to take 20 mins outa your day at some point and read a little bit you might come to STOP CALLING Obama "the messiah", it's stupid and pointless. Just because the media MAY have portraied him in that way dosn't make it's so. Besides how often do you trust the media???

Obama '12

Pat in Atlanta   February 20th, 2009 10:13 am ET

Kevin, Kevin, Kevin where have you been the last eight years? Obama has been president for a month – not nearly long enough to make this big a mess. George W Bush took over the presidency of a superpower with a strong economy and a budget surplus. He left office with the economy and our international image in shambles.

Elephants are supposed to have good memories, but nothing is more forgetful than a Republican – maybe the party needs a new mascot. What animal has the worst memory and shortest attention span? It should also be an animal that cannot get along with any other animals.

no to corporate politics   February 20th, 2009 10:07 am ET

Go Hillary!

Once again she is doing what she feels is right for the country and the world.

Even if the haters out there cannot give it a rest, she is doing great things without undo flash to improve our image. After Bush policies, what a change.

Joe in NJ   February 20th, 2009 10:07 am ET

It doesn't matter what Hillary or anyone else says. China is going to do whatever they want to do, just like always. The problem is the U.S. and other countries have been stupid enough to let them get away with everything.

Baaaa... Baaaa... Baaaa ......   February 20th, 2009 10:06 am ET

@ strong....

My gawd Dude......... YOU NEED HELP

Larry from RI   February 20th, 2009 10:05 am ET

For all the tough talk from the right about communism, socialism etc. do your realize that China has funded our national debt?

Like it or not we are now joined at the hip and are INDEBTED TO the worlds largest communist country – "Red China".

Think of that fact every time you pay your mortgage, your credit card bill and shop at Wal-Mart or some other discounter for cheap electronics and clothing that used to be made here by American workers but are now made offshore so corporate CEO's and Wall St. could cash in at our expense.

If you still think unbridled capitalism is good for the America worker then I hope you choke on it!

Gary   February 20th, 2009 10:04 am ET

American people have no confidence in this administration. Today stock market is going down further. We have lost almost 2,500 points since election. This shows which way we are going. Clinton is enjoying her trips abroad at tax-payer's cost. Barack is gathering all mayors today for a speech giving them hand-outs or bail-outs. We have tax-cheats in the administration who are policy-makers. We have attorney General who is also a fraud and close to terrorists. He had forgiven Marc Rich and now says we are all cowards. John Kerry goes to Gaza and brings a letter from Hamas for Barack Obama. Barack had campaign adviser who was linked with Hamas. Do you remember? Where is our country going exactly. Where are the intelligent, smart and honest people? Wake up America now before it is too late.

bibi   February 20th, 2009 10:02 am ET

The obama team is working very hard. Please give the credit for that. Stop bashing your government. It looks so bad when people in other countries read it.

Dawn   February 20th, 2009 10:01 am ET

TRUTH are you drinking the neo-con's kool-aid. Global Warming is a fact, just ask any asthmatic. I am not breathing to well in the summer months, Look at England they had a blizzards, our southern states are getting colder. Way back in the 70's I told my parents that we will be getting California's weather and we would get theirs. It is happening.

TRUTH go on Globel warming and see the poles and they are not what they used to be, Glacier National Park is deterorating fast. Look at the weather, hurricains that are devasting, remember Katrina, Rita, Gustuv, Ike and they will be getting worse. Tornatoes are not getting any better either. How about a few years ago, Hurricains were going into the winter months, and they ran out of names and went into the Greek Alphabet. Don't tell people that it is a Liberal propaganda, do research and then come back and make an apology to the Liberals

elliott   February 20th, 2009 10:01 am ET

Enough of the Clintons....GO AWAY Billary......France or Canada would love to have you.

meh   February 20th, 2009 10:00 am ET

nadine> Tax cuts have NEVER worked.

meh   February 20th, 2009 10:00 am ET

You know, this woman is very personable and very intelligent. I think you guys should give her a fair shot instead of slamming everything she does.

Jim   February 20th, 2009 9:58 am ET

I wonder how much money she is asking to borrow this time??

Barbara G   February 20th, 2009 9:55 am ET

For heavens sakes, every president in the past has had cartoons printed about them and they all wern't good, so why is this such a big deal. I don't think it was anything to do with race, just a cartoon and Al Sharptian needs to get a life. The black people are going to make race a lot worse than it has ever been and they are the ones to do it.

Neva   February 20th, 2009 9:52 am ET

To TRUTH

I agree that global warming is extremely controversial, with the current premises based on a flawed United Nations report.

But that doesn't change the fact that there are far too many people in the world. Our air is choked with pollution, the rain forests are disappearing, wild life is being decimated, energy shortages are a serious concern, food price increases are causing worldwide havoc, millions are starving, job competition is causing great anxiety and unrest, etc., etc.

So, whether global warming is real or not, we have to clean up our environment. That should start with a very serious dialogue about overpopulation and individual responsibility to change the way we live.

Toby in Illinois   February 20th, 2009 9:51 am ET

Funny how CNN opens up only the least controversial story in its ticker for people to comment on.

Briana the college student   February 20th, 2009 9:51 am ET

This black liberal who hates Obama! what are you going to do if I bash Hilary? Are you going cry? Throw an e-fit.
get a life.

Deborah   February 20th, 2009 9:51 am ET

We should be VERY nervous about China holding the Note!

Thanks to the Stimulus Spending Spree we are in REAL danger of being forclosed on!

If I were China I would call in the note!

This new adminstration is close to bringing this once Great Nation to it's knees!

Gary, Detroit   February 20th, 2009 9:48 am ET

China cannot be trusted.

Marc   February 20th, 2009 9:44 am ET

TRUTH – I mean FALSE, where did you get your paranoid filled junk data? 'The polar ice caps are back at the same level they were in 1979'... according to whom please?
There is a consensus on the opposite, i.e. Arctic SHRINKAGE, check your data please. The most alarmist predicts that by 2030 the Arctic ocean will become ice free (during Summer of course), the most conservative claim that will only happen sometime near 2100, but IT WILL HAPPEN, no ice cap on the North Pole during the Summer!
But the Earth is cooling off and the Global Warming is a scam...

Rob   February 20th, 2009 9:43 am ET

So, the right honorable Comrade Chairman Obama and the wonder-dope twins leading Congress rammed a bill down our throats that puts us on the road to socialism. And in order to get this money that His Holiness threatened us that we needed to have, they need to get China to buy up a bunch of our debt. So, who owns the U.S.?

You goofed-out libs talk about how China has to stop being so mean, yet thanks to the yutzes you support in Washington, China is now needed to give the U.S. money. You really think Hillary's gonna chew them out on human rights while sticking her hand out begging for money?

All the more proof that you utopian ideals are nothing more than lofty dreams, and when it comes crunch time you have no concept of how things actually work.

Hillary Clinton Rules!!   February 20th, 2009 9:43 am ET

Secretary of State Clinton is AWESOME!!!

Way to go HILLARY!!

Frank from Peterborough   February 20th, 2009 9:40 am ET

Why are GOP trolls bashing people who are trying to do things to help America without waiting to see if it is successful or not. Oh I know Rush has told you to help destroy America.

Anonymous   February 20th, 2009 9:38 am ET

Well, all I can say, she doesn't have her foot permanently lodged in her mouth like Biden does! What a loser that man is!

mike   February 20th, 2009 9:38 am ET

DO ALL YOU HOPIUM DRINKERS KNOW THAT YOUR MESSIAH HAS NOT YET PAID THE BILL IN CHICAGO FOR HIS GRANT PARK EXTRAVAGANZA ON ELECTION NIGHT?? HE STILLS OWES THE CITY OF CHICAGO OVER 1 MILLION DOLLARS.
SO MUCH FOR THE ERA OF RESPONSIBILITY..... PRACTICE WHAT YOU PREACH OH ANNOINTED ONE. PAY UP BEFORE MAYOR DALY RAISES OUR TAXES AND SHOVES YOUR BILL UNDER THE RUG.
DO IT NOW!

america first   February 20th, 2009 9:38 am ET

mcgregor says the U.S is kissing up to china, thats NOT A GOOD THING, is it?

bitter_in_pa   February 20th, 2009 9:38 am ET

Hillary is just the man for the job. Lying and exaggeration are key negotiation skills.

Randall from VA   February 20th, 2009 9:36 am ET

She's going over there to beg for money I guess. She is good and lying, cheating and stealing so my guess is she will get a pretty good chunk of cash. Somebody has to pay for the huge spending bill Obama just signed!

Larry   February 20th, 2009 9:33 am ET

Why should China buy even more?

"There's some protectionist language in the stimulus package," said James McGregor, who runs JL Mcgregor & Company, a business consulting company in Beijing.
"During the campaign, Hillary called on the president (George W. Bush) not to attend the opening ceremony of the Beijing Olympics. China doesn't know what to think of them. She's got to come here to build trust." The stakes are high for America.

We need to do the serious SALESMANSHIP and I don't think Hillary can pull it off,she is a protectionist ,and a socialist.

JDC   February 20th, 2009 9:26 am ET

Yes, get the Chinese to fund our deficit spending, then stick it to them by refusing to pay back.

demwit   February 20th, 2009 9:26 am ET

Clinton will put America's best interest first..

ED   February 20th, 2009 9:24 am ET

COME HOME BILL IS WAITING!

M J   February 20th, 2009 9:20 am ET

I think Hillary will pull this agreement together, but it is a shame that America has been reduced to what we are today. Our survival depends on the country that hold the mortgage. We must fight for our for independents as a country. Our jobs and manufacturing companies has to come back to the U.S..

New Yorker   February 20th, 2009 9:18 am ET

Maybe President Bush would be willing to "advise" her now, now that she is in over her head.

Mark   February 20th, 2009 9:12 am ET

With Obama's spending plans, Hillary better beg China for more money to cover our debt!!

R in Maine   February 20th, 2009 9:12 am ET

Having an audience that is trying to find fault with her every word should make Hillary feel right at home. It is just like the Washington press corp.

Judy from PA   February 20th, 2009 9:11 am ET

To: Go Obama, much Love

Hold on a minute. I never was for President Bush. Didn't vote for him and disagreed with alot of what he did. So please don't accuse him of being 'my satan'. I refer to Obama as the messiah because that was how the media portrayed him during the campaign. I think he is a good man, but we were unable to get to know him, unable to get to really hear what he thinks, because the media just acted like he was the messiah. President Obama used a lot of lawyer talk in the campaign, saying what his current company wanted to hear.

I do hope President Obama succeeds, because we are all in this together.

Also, I am not Judy in PA. That person made some nasty remarks that I would never make or agree with.

karen-Phoenix   February 20th, 2009 9:09 am ET

Good comment Nicholas! You go Hillary!!! She's at the top of her game and the world is beginning to love America again. President Obama in Canada yesterday was awsome!! Canadians love Presidnet Obama!!!

Mike in Houston   February 20th, 2009 9:06 am ET

Clinton has become the Secretary of the Begger State. Given her husband's fund raising abilities from foreign governments, she should be quite successful.

Clinton Fringer   February 20th, 2009 9:05 am ET

Hillary looks fab. She can do anything!

Simmy   February 20th, 2009 8:59 am ET

As long as she stays on message and doesn't miss-speak she will continue to do well. She realizes that she's representing the US and not her personal agenda. Shine Madam SOS.

Dawn   February 20th, 2009 8:52 am ET

I think that SOS Hillary Clinton is alot better than SOS Condi Rice. She is well liked in EU, why because she has traveled with her husband many times with her husband President Clinton during the 90's. They listen and she is a tuff cookie.

I will wish her the best of luck.

Hillary is working - everyone else on a junket   February 20th, 2009 8:49 am ET

Thank God somebody in the Demojunket party is working. Everyone else seems to be on vacation – at the taxpayers' expense.

vic   February 20th, 2009 8:49 am ET

We're depending on you Hillary!!

Linda in MS   February 20th, 2009 8:39 am ET

Our relations with China are mainly based on economic need. We as Americans are now in debt to them up to our eyeballs, which means we have had to ignore their monstrous human rights abuses, environmental destruction, and poisoned products, while allowing them to export to us more than we export to them. It makes me sick to think that we have put ourselves in this position, but it seems like we have no way out now. The irony of it all is that we still exclude Cuba from the nations we do business with, or can travel to, but we have sold our souls to China.

d1120   February 20th, 2009 8:36 am ET

Who's watching Bill?

strong   February 20th, 2009 8:35 am ET

Hillary will do us proud. Don't you worry.
She is world famous, intelligent and more than capable.

And she is still sexy at 60+ years. Eat your hearts out, you Chinese guys.

nadine   February 20th, 2009 8:34 am ET

I don't think that china shoud help us out in any way shape or form. In order for the US to remain a strong country, we need to figure this thing out the correct way. There are several ways that the government could have done the " Stimulus Package" without spending a dime, and that would be to cut taxes and control government spending. Cutting taxes would put more money in all peoples hands, not this joke of $13.00 per paycheck - how is $52.00 per month going to help, when taxes are going to rise, the people will be back into the same position they are now or even worse - not rocket science. cutting taxes means that people have more in their paycheck for take home, the grocery bill will go down, the gas price will drop, everything will go down, which equates to more money in peoples pockets. Anyone from Harvard should know that.

TRUTH   February 20th, 2009 8:29 am ET

Nicholas- When will you and your liberal cohorts realize that global warming is a farce? Two decades ago we were warned about "global cooling" and now global warming is a liberal hot issue. Today, temperatures are continuing to decline, not increase. The polar ice caps are back at the same level they were in 1979, and the number of polar bears in the Arctic is back to the same number it was in 1979, at 20,000 (not 5,000 like Liberals claim). We just had one of the coolest years recorded in the past 100 years. Global warming is a theory devised by Liberals to allow firther government intrusion into our lives.

Steve from Florida   February 20th, 2009 8:22 am ET

Hillary Rules!

Purple Nurple   February 20th, 2009 8:22 am ET

I wonder if she got shot at?????????

Paul   February 20th, 2009 8:19 am ET

Why ever would the Chinese trust Hil-liar-y. I certainly don't.

Kevin in Ohio   February 20th, 2009 8:18 am ET

Yeah, Nicholas, and Hilary is just the person to engender this trust. Get real. America has now lost every bit of negotiating strength. Obama is making us an also-ran.

NY republican   February 20th, 2009 8:12 am ET

China – one of the few countries in a position to lend, oh I don't know 800 billion dollars to another country that now needs to bankroll a spending package? Should that country be borrowing those sums from any country?

Monrob   February 20th, 2009 8:11 am ET

And you Mrs. Clinton, would have made a better president!

Sara   February 20th, 2009 7:41 am ET

I don't think Hillary would make a positive gesture to China. She has already angered North Korea with her hawkish statements, and most probobly will do the same in China. She is not the right Secretary of State for a President who wants to build bridges.

TOODY DOODY   February 20th, 2009 7:40 am ET

I wonder if she is talking the truth. I think its the opposite. They should record everything she says or send someone with her.

tommy   February 20th, 2009 7:27 am ET

Hillary rocks!!!

Cindy, PA   February 20th, 2009 7:15 am ET

Hillary went to collect more donations for their Swiss account .

america first   February 20th, 2009 7:09 am ET

i don't trust china.

This black liberal who hates Obama!   February 20th, 2009 7:07 am ET

Those of you who are thinking about bashing Hillary, don't even think about it much less do it.

This black liberal who hates Obama!   February 20th, 2009 7:07 am ET

Those of you who are thinking about bashing Hillary, don't even think about it much less do it.

This black liberal who hates Obama!   February 20th, 2009 7:01 am ET

I Totally Agree with You, Nick.

This black liberal who hates Obama!   February 20th, 2009 6:59 am ET

They better cooperate while she's overthere! OR ELSE!

Trade matters   February 20th, 2009 6:55 am ET

being the beacon of free trade is not what it is cracked up to be

China is taking advantage as are others

Service v. product trade imbalance is a false argument

Hold them (trade partners) to the fire (get better terms), don't give away the farm as past presidents have done

Disgusted Democrat   February 20th, 2009 6:25 am ET

Secretary of State HIllary Clinton will do an outstanding job.....as usual!

Rita   February 20th, 2009 6:22 am ET

Watch out for the snipers!

Nicholas   February 20th, 2009 5:53 am ET

I think Hillary started on a good note. She has resumed her post with the belief that American listen before acting. However, China needs to be persuaded on severally issues so that they can join hands to build a better world. China must engage in global warming fight, anti-terriorism fight and reduce or stop it sale of weapons to bad governments.

Nicholas

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