Photo: #Skyscrapers in the financial district in Shanghai, China.

The perils of a global economy

Broadcast: Midmorning, 06/03/2009, 9:06 a.m.

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Treasury Secretary Timothy Geithner visits China this week to assure the Chinese government that its investment in U.S. treasuries is safe, despite record deficits. But one economist says the real concern is China, and warns that a Chinese crash could have devastating effects on international trade.

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