Chinese Premiere Wen Jiabao
Sign Up to receive Email Alerts for all the market-moving FLASH Headline Reports
Headline Alert
China Concerned About U.S. Dollar
At his annual press conference after the closing of the National People's Congress Sunday, Chinese Premier Wen Jiabao once again expressed his concern about the U.S. dollar.
We note that China is becoming more vocal regarding its desires for the U.S. to control its ever-expanding budget deficit and to take steps to prevent inflation due to the fact that both erode the value of the dollar and China's holdings.
"Any fluctuation in the value of the U.S. currency is a big concern for us," Jiabao said.
The premiere added, "We cannot afford any mistake, how slight it is, when running our financial assets," he said. "I would like the United States to take concrete steps to reassure investors."
Jiabao suggested that the value of the dollar should be a matter of the "national credibility" for the United States.
Source: Associated Press
Don’t Miss TSP Newest Weekly Reports:
-
Click Here to Sign Up For the ETF Leaders Report
-
Click Here to Sign Up For the ETF Big Money Flow Report
- Click Here to Sign Up For TSP Spotlight Report
S&P 500 - Intraday
S&P 500 Last 3 Months -
S&P 500 Last 12 Months
S&P 500 Last 5 Years
