Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
US reassure China on investment value
+ -
16:21, July 29, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 China, U.S. committed to success of UN Copenhagen climate meeting
 Obama meets Chinese envoys, hailing strategic, economic dialogue
 "Basketball diplomacy" adds vigor to high-level China-U.S. dialogue
 Senior Chinese official calls on U.S. to respect China's core national interests
 Clinton says U.S., China cover "unparalleled" range of issues at dialogue
 Comment  Tell A Friend
 Print Format  Save Article
According to a report by China Daily, Obama dispatched his top economic officials - Geithner, Summers, White House budget director Peter Orszag and Federal Reserve Chairman Ben Bernanke - to try to reassure China that the US will not let deficits or inflation jeopardize the value of Chinese investments.

US officials said the president's team told the Chinese that the US was committed to policies that would not fuel inflation.

They stressed that the US has a plan to bring the deficit down once the economic crisis has been resolved. Bernanke, they said, discussed the Fed's exit strategy from the central bank's current period of extraordinary monetary easing, emphasizing it was being careful to guard against future inflation.

China, which has the largest foreign holdings of US Treasury debt at $801.5 billion, has been expressing worries that soaring deficits could spark inflation or a sudden drop in the value of the dollar, thus jeopardizing their investments. Chinese officials said those concerns were raised during the first China-US Strategic and Economic Dialogue held in Washington on July 27 and 28.

By People's Daily Online



  Your Message:   Most Commented:
Unveiled Rebiya Kadeer: a Uighur Dalai Lama
80 pct of netizens agree China should punish Facebook
LA police: Michael Jackson death may have been 'homicide'
Chinese netizens call for punishing Turkey
Al-Qaida threatens Chinese abroad

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90883/6713542.pdf