Posts Tagged ‘Clinton Chinese President’

Clinton urges China to keep buying US Treasuries

Published: Sunday February 22, 2009

Hillary Clinton urged China on Sunday to continue buying US Treasuries, saying it would help get the American economy moving again and stimulate imports of Chinese goods.

“By continuing to support American Treasury instruments the Chinese are recognising our interconnection. We are truly going to rise or fall together,” Clinton said at the US embassy shortly before leaving Beijing.

Clinton, wrapping up her first overseas trip as secretary of state, said continued Chinese purchases of treasuries were essential to financing the massive 787 billion dollar US stimulus plan.

“Because our economies are so intertwined the Chinese know that in order to start exporting again to its biggest market, the United States had to take some very drastic measures with this stimulus package,” Clinton said in response to a question from a Chinese talkshow host.



Clinton Reassures China US Is A Good Investment

MATTHEW LEE | February 22, 2009 08:36 AM EST | AP

BEIJING — U.S. Secretary of State Hillary Rodham Clinton says Washington and Beijing must work together if the world is to rebound from the financial crisis and she wants the Chinese to remain committed to investing in America.

“I don’t think it’s realistic to expect that we will see global recovery without Chinese and American cooperation and leadership,” she said during an interview Sunday with the popular talk show “One on One.”

With the export-heavy Chinese economy reeling from the U.S. downturn, Clinton has sought in meetings with President Hu Jintao, Foreign Minister Yang Jiechi and Premier Wen Jiabao to reassure Beijing that its massive holdings of U.S. Treasury notes and other government debt would remain a solid investment.

Yang responded that China wants to see its foreign exchange reserves _ the world’s largest at $1.95 trillion _ invested safely and to continue working with the United States.


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