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China's premier calls on U.S. to control deficit

marketwatch.com — - Chinese Premier Wen Jiabao on Sunday exhorted the U.S. to keep its deficit in control to stabilize the U.S. dollar exchange-rate, according to media reports. "I hope that as the largest economy in the world and an issuing country of a major reserve currency the United States will effectively discharge its responsibilities,

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  • gbudavid, on 11/08/2009, -1/+12China is the largest foreign holder of U.S. Treasury's.
  • funkedup, on 11/08/2009, -0/+9US control it's deficit? AHAHAHAHAHAHAHAHAHHA
  • dadlinux, on 11/09/2009, -0/+6Fiscal control will never occur on Obama's watch.
  • BotchaMcCoola, on 11/09/2009, -0/+5Quite true but is that not well known? Do you have a more subtle point? That would be consistent with their devaluation concern, would it not? If you lend me money you don't want to be paid back in weaker currency.
  • ninjaturtles1, on 11/09/2009, -0/+4I can't believe they let India out bit them on the IMF gold! I am sure they will live to regret that soon!
  • drmangrum, on 11/09/2009, -1/+1I call on China to stop making poisonous and defective products.

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