China Seeks Safeguards on US Investments


To think the ChiComs understand our economy better than OBAMA and his ilk do. They are worried that Obama’s plans is going to deflate the US Currency and cause an inflation which adversely effect their US holdings.

Hey Obama do you suppose you could FORCE CHINA to rewrite the US LOANS like you are doing for delinquent mortgage holders?

clipped from business.smh.com.au

China, the US 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 at a press briefing in Beijing today after the annual meeting of the legislature. ”Of course we are concerned about the safety of our assets. To be honest, I am a little bit worried. I request the US to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”

”China is worried that the US may solve its problems with the fiscal deficit and banks by printing money, which will stoke inflation,” said Zhao Qingming, a Beijing-based analyst at China Construction Bank Corp., the country’s second-biggest lender. ”If the US can make sure this won’t happen, then China will continue to invest.”

Hillary Clinton urged China, while visiting officials in Beijing on Feb. 22, to continue buying US debt,

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