Exerting its new influence as the U.S. government's largest creditor, China yesterday demanded that the Obama administration "guarantee the safety" of its $1 trillion in American bonds as Washington goes further into debt to combat the economic crisis.China Worried About U.S. Debt - washingtonpost.com
Chinese Premier Wen Jinbao made the demand at the end of the National People's Congress in Beijing at a time when relations between the two nations show fresh signs of strain.
Saturday, March 14, 2009
China Worried About U.S. Debt - washingtonpost.com
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