Geithner heads to china
* US Treasury Secretary Tim Geithner is set to meet with several high-ranking members of the Chinese leadership this week, marking the Obama administration's first major overture to the powerhouse nation.
* Chinese manufacturing expanded for a third month in May, indicating the economic recovery remains intact and helping to erase concerns the world's third-largest economy was beginning to lose momentum.
* Heavy job losses battered American families again in May, economists say, erasing almost all the employment gains over the past decade.
* India Inc feels the economy has started recuperating and can move to a higher growth trajectory in the next few months, as per a survey by industry body FICCI. Half of the companies that took part in the survey posted better growth in the fourth quarter of 2008-09 compared with the previous two quarters.
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