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.
http://www.bloomberg.com/apps/news?p...8G0&refer=homeChina, 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.”