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| Hu Jintao |
Bloomberg - China said it would “welcome” a positive statement from the U.S. on the stability of Chinese- held dollar assets during next week’s summit in Washington between President Hu Jintao and President Barack Obama. “If the U.S. makes a positive statement on this issue we surely will welcome that,” Chinese Vice Foreign Minister Cui Tiankai said in response to a question at a press briefing today in Beijing. “China follows very closely the economic health of the United States and vice versa.”
China is the largest foreign holder of U.S. Treasury securities, with $906.8 billion at the end of October, according to U.S. figures. China’s sovereign wealth fund also invests in U.S. companies and assets and a growing number of Chinese people own U.S. real estate. Read full story here:
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1 comments:
How nice...the Chinese government making it less difficult for Chinese businesses to prosper and make foreign investments while this government makes it progressively more difficult for American businesses to prosper. Imagine that, CHINA creating a more attractive business environment that America. And everyone wonders WHY unemployment is so high? Really??? Are we truly this stupid? I suggest every voter keep this in mind next time you consider your options when voting for politicians who have a pro-business approach to governing versus those who demonize business.
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