Chinese Premier Wen Jiabao is said to be “worried” about his country’s holding of US debt, and wants assurances that his investment is safe (don’t we all!). At a press gathering in Beijing yesterday, Wen said that “we have lent a huge amount of money to the United States…I request the US maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”
But don’t worry Wen, the economic crisis isn’t as bad as we think.
Raise your hand if you think this obligation will have no effect on US/China relations, or the ability of the US to exert pressure on China vis-à-vis human rights, democratic reforms, North Korea or Taiwan. Anyone…anyone?
Friday, March 13, 2009
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2 comments:
So maybe the real story behind the Chinese messing with the US naval vessel at week or two ago is that they were attempting to reposses it.
Could be, seeing as though we still have 4,651 EZ monthly payments left...
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