Obama Administration Tries to Reassure China on Treasury Debt

Obama Administration Tries to Reassure China on Treasury Debt

www.bloomberg.com

March 14 (Bloomberg) -- The U.S. sought to ease Chinese Premier Wen Jiabao’s concern about the security of his country’s investments in U.S. government debt, reiterating pledges to cut the budget deficit in half in four years.

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It looks like China is no longer at ease with all the money they've invested in the U.S.A.'s debt. Currently China has invested over $696 billion in U.S. Treasury debt. Yu Yongding, a former adviser to the central bank, even said that the nation should seek guarantees that its Treasury holdings won’t be eroded by “reckless policies.”

www.bloomberg.com
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They did this in 07.
This is what started it.
Chinese bond sell off.

reply to post by BorgHoffen

Yes, and I'm afraid it will make things worse now