China to US: make sure Beijing's investments are safe

China tells US to make sure Beijing's investments are safe
AFP on Yahoo


BEIJING (AFP) – China's top envoy to high-level economic talks with the United States urged Washington Thursday to make sure Chinese investments in the US economy were safe.

"We hope the US side will adopt every necessary measure to stabilise its economy and financial markets and ensure the safety of China's assets and investment in the United States," Vice Premier Wang Qishan said.

He made the remark in prepared comments at the start of two days of Sino-US economy talks in Beijing that he is co-chairing with US Treasury chief Henry Paulson.

US Administration Officials Condemn Senate China Currency Bills

WASHINGTON -(Dow Jones)- A trio of Bush administration officials Tuesday condemned Senate legislation aimed at pressuring China to change its currency regime, saying the bills amounted to the "wrong approach."

In a letter signed by U.S. Treasury Secretary Henry Paulson, Commerce Secretary Carlos Gutierrez and U.S. Trade Representative Susan Schwab, the officials said two Senate measures "would substantially weaken the position of the United States in our ongoing efforts to achieve essential economic reforms in China and around the world, while jeopardizing our rapidly growing exports that have benefited American workers and farmers."

Last week, the U.S. Senate Finance Committee approved a bill that would open the way for punishing China over monetary policy.

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US Treasury Secretary Henry Paulson in China for trade talks

US Treasury Secretary Henry Paulson heads to Beijing on Monday to discuss the US-China Strategic Economic Dialogue (SED) launched in 2006.






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