The Chinese Premier Wen Jiabo ,is worried about his country's investments in U.S bonds.
China has sold $34.2 billion worth of U.S bonds.
The Chinese government is displeased with U.S proposal to sell fresh arm package to Taiwan.
It is also intrigued by the welcome provided to His Holiness Dalai Lama.
The annoyance has been expressed in such terms as to withdraw its aid to U.S.
Timothy Geithner, during his visit to China last december had assured China that U.S is definitely inclined to create a strong and secure financial system.
But China has its own apprehensions over U.S financial policies .
It has sold the bonds to safeguard its economy.
The world at large has lost its trust on dollar.
The U.S. policies are unsustainable.
The question where is China going to invest the money if not on U.S bonds.?
This interrogation is an unneccessary prodding of the U.S economic analysts.
China is free to do what it wishes, though dumping its money on Euro or yen is equally insecure.
There seems to be a disarming alarm, that would lead the U.S economy to a disenchanted proposition.
Friday, February 19, 2010
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