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Thread: China ‘Worried’ Over Safety of U.S. Debt, Wen Says

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    China ‘Worried’ Over Safety of U.S. Debt, Wen Says

    China's Premier Wen Jiabao expressed concern about the safety of China's holdings of U.S. Treasury securities at a time when the U.S. is borrowing record sums of money to finance its budget, efforts to stabilize the banking system, and fiscal stimulus package.

    Bloomberg.com reported:

    China, the U.S. government’s largest creditor, is “worried” about its holdings of Treasuries and wants assurances that the investment is safe, Premier Wen Jiabao said.

    “We have lent a huge amount of money to the United States,” Wen said today at a press conference in Beijing that marked the closure of the annual National People’s Congress meeting. “Of course we are concerned about the safety of our assets. To be honest, I am a little bit worried. I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”
    http://www.bloomberg.com/apps/news?p...8G0&refer=home

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    Re: China ‘Worried’ Over Safety of U.S. Debt, Wen Says

    Bloomberg needs to get with the times and set up an RSS. This isn't 1998, ffs!

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    Re: China ‘Worried’ Over Safety of U.S. Debt, Wen Says

    A fair concern given our current situation. Hopefully Obama will use his diplomatic skills to give out Chinese debtors some confidence that our government and economy will remain intact. He should spread a little "hope" in their direction.

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    Re: China ‘Worried’ Over Safety of U.S. Debt, Wen Says

    If my country held nearly $700 billion in US debt (as of Feburary), I'd be afraid, very afraid right now.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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