China wants US reassurance over dollar
Premier Wen Jiabao says any change in the value of the U.S. dollar is “a big concern” for China.
BEIJING -- China's premier says Beijing wants Washington to take “concrete steps” to reassure the Chinese government and other Treasury bill investors.
Premier Wen Jiabao says any change in the value of the U.S. dollar is “a big concern” for China. Beijing has more than $800 billion of its foreign reserves invested in U.S. Treasury securities.
Wen made the comments Sunday at a news conference.
The premier said, “I would like the United States to take concrete steps to reassure investors.”
He gave no details of what moves Beijing wants to see.
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