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China Concerned About U.S. Investments

BEIJING (AP) - China's leader says he's concerned about the
country's investments in the U.S. government.
Premier Wen Jiabao (win jah-bow) today appealed to Washington to
safeguard the value of Treasuries and other U.S. debt, and said
Beijing is ready to expand its stimulus if economic conditions
worsen.
Analysts estimate that nearly half of China's $2 trillion in
currency reserves are in U.S. Treasuries and notes issued by other
government-affiliated agencies.
Washington is counting on China to continue buying Treasuries to
fund its massive stimulus. Last month, visiting Secretary of State
Hillary Rodham Clinton sought to reassure Beijing that government
debt would remain a reliable investment.
President Barack Obama will meet with Chinese President Hu
Jintao (hoo jin-tow) at a London summit of leaders of the G-20
group of major economies on April 2. 6


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