The world sat up when Chinese Premier Wen Jiabao called upon the US to “honour its commitments and ensure safety of Chinese assets”.
The world sat up when Chinese Premier Wen Jiabao called upon the US to “honour its commitments and ensure safety of Chinese assets”. China holds nearly $2 trillion worth of US treasury bonds. Till recently, using such language with the US was unthinkable. Even rarer, President Obama himself assured the Chinese their assets were safe.