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When Wen waves the finger...
...The markets perk up.
Chinese Premier concerned about assets in US
The Chinese Premier admitted this morning that his goal of 8 per cent growth for the world’s third-largest economy would be tough to meet this year, but he had more weapons in his armoury if need be to ensure Beijing reaches that target.
Speaking at his annual news conference after the end of the session of the National People’s Congress, China’s ceremonial parliament, Wen Jiabao reminded the United States of its responsibilities in easing the global financial crisis – and of its indebtedness to his country, which now owns the bulk of US Treasuries.
"I would like … to once again request America to maintain its trustworthiness, keep its promise and guarantee the safety of Chinese assets," he said. ...
Meanwhile...
Hong Kong stocks surge 4.37% on Chinese premier's remarks, Wall Street rally
Chinese Premier concerned about assets in US
The Chinese Premier admitted this morning that his goal of 8 per cent growth for the world’s third-largest economy would be tough to meet this year, but he had more weapons in his armoury if need be to ensure Beijing reaches that target.
Speaking at his annual news conference after the end of the session of the National People’s Congress, China’s ceremonial parliament, Wen Jiabao reminded the United States of its responsibilities in easing the global financial crisis – and of its indebtedness to his country, which now owns the bulk of US Treasuries.
"I would like … to once again request America to maintain its trustworthiness, keep its promise and guarantee the safety of Chinese assets," he said. ...
Meanwhile...
Hong Kong stocks surge 4.37% on Chinese premier's remarks, Wall Street rally