China should buy more US treasury bonds: ClintonFebruary 22nd, 2009 - 11:14 pm ICT by IANS
Beijing, Feb 22 (DPA) US Secretary of State Hillary Rodham Clinton called on China Sunday to invest more in US treasury bonds, to aid both economies during the global financial crisis.
In an interview with the Shanghai Dragon TV channel, Clinton said, “It would not be in China’s interest if we were unable to get our economy moving again.”
“We are truly going to rise or fall together. We are in the same boat and thankfully we are rowing in the same direction,” Clinton said.
China is the US’ largest creditor, and has some $585 billion of foreign currency reserves in the form of US treasury bonds. Clinton said that helping the US’ economic recovery would benefit China, in stimulating Chinese exports to the US.
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