Reuters: US Dollar Report: US Treasury's Geithner-Slowdown in China not alarming

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US Treasury's Geithner-Slowdown in China not alarming Apr 4th 2012, 20:47 WASHINGTON, April 4 | Wed Apr 4, 2012 4:47pm EDT WASHINGTON, April 4 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Wednesday that a slower pace of growth in China's economy was no cause for alarm, adding that it had been growing too rapidly for its own good. "Really what is happening in China is growth is slowing to a more sustainable pace. They were growing faster than they could sustain over time," Geithner said in an interview with Fox Business TV. "So they started to gradually tamper the rate of growth. They did that by design because it was growing too fast," he said.

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