China Prime Minister's confidence waning for U.S. Treasury Department

Friday, March 13, 2009

Chinese Prime Minister Wen Jiabao said today that he's worried about the safety of the the U.S. Treasury Department's large holdings and other debt. He noted nearly half of China's $2 trillion in currency reserves are invested in U.S. treasuries making China the largest creditor to the U.S. Joining The Takeaway to discuss the prime minister's remarks is BBC correspondent James Reynolds in Beijing.

"The fate of China relies on decisions which will be made by consumers where you are in the United States. If people in America stop buying things that are made in China, people in China get unemployed."
— BBC correspondent James Reynolds on the connection between the economies of the U.S. and China


James Reynolds

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