Reaction: Wen worried about U.S. investments

Are you concerned that one country holds so much U.S. debt? What, if anything, should be done to protect Chinas investment in the United States? Chinese premier Wen Jiabao says he is definitely a little worried about his countrys investments in the U.S. Do you think rhetoric from international leaders can affect the U.S. market?

Category:

News & Politics

Tags:

• China
• Jiabao
• economy
• market
• investments
• debt

[twistedwest1]

@SavageJim01 china will gain a much better quality of life after the usa collapses. we use up so many resources and live a unsustainable lifestyle.

[SavageJim01]

I am not one of the high income class. I save up and buy, I do not buy impulsively like the coporations of your country want us to do,

Do not accuse me of being of a given class. As a matter of fact, you, a governement employee of PRC, must be pretty well off. Why dont you help your fellow people? The poor of China! You bring class into this, then you, who are paid well to EVEN OWN A COMPUTER, can help you fellow Chinese citizens!

[Entropy137]

Well, you seem to be regurgitating the mainstream opinion. If the mainstream opinion were correct more than 50% of the time, most people would be rich instead of poor. There are plenty of better investments they can make, right now commodities being the best ones. U.S debt is worse than junk bonds. At least junk bonds pay a high yield if they don't default.

[oilhammer04]

How is that related? I rarely watch the evening news if that is what you refer to.

[Entropy137]

Turn off the tv.

[Entropy137]

You could have neutralized the effect of unrestricted free trade by calculating the annual saves from Made in China products and put that money aside and invested in companies that profited from outsourcing. My guess is that you blew that money on vacations and last call hookers like everyone else, and now you're pissed.

[SavageJim01]

That is the the thing: The US was so quick to make an FTA with China, then to make things worse, Clinton and the 2nd Bush really screwed things up by becoming whores to the corporations. And als, the lending and credit practices as well as other really bad policies of improper deregulations and many more bad decisions screwed Americand out of jobs. Those Americans cannot consume anymore (they have no money to spend) and thus, they are not buying chinese.

[qweszxcqazesc]

Wen Jia bao is dooped by US. Chinese has always thought US is legendary, but the fact is that it's not, US economy is based on bubble development while Europe is based on sustainable development, He should have invested in Europe instead. Wall street is the cradle of deception fueled by greed. Take GE for example, they put a finance people as CEO, then Jack Welch's hardwork goes down the drain. soon all company CEO's will be finance people, and US will be fucked.

[PRCForever]

dude... it was the Americans that CHOSE to borrow SOOOOO much to buy crap.

u want to buy american??? OK fine... its going to cost 4-5 times more for Made in USA.

You must be part of USA's high income class.

[hugozoom]

it's not so much that he should be worried but WE should be worried. If our biggest creditor decides to stop buying US debt instruments, we sink, and rapidly. The point Wen was making was that the US needs to do something about our out-of-control federal debt, or soon US currency will be worthless and NOBODY will want to buy it.