US assures China over bond investments
14-03-2009
President Obama's economic adviser, Lawrence Summers, has moved to reassure China about the safety of its investments in the United States. Asked about concerns expressed by Premier Wen Jiabao, Mr Summers said President Obama had made it very clear that the US government would be a sound steward of the money it invested. He said the recession meant Washington had to borrow large sums. Premier Wen earlier called on Washington to ensure its response to the slow-down didn't endanger the value of China's huge investments in the US.
