Clinton urges China to continue buying U.S. Treasuries

Source: China Daily | 02-23-2009 08:59

BEIJING, Feb. 23 -- US Secretary of State Hillary Clinton Sunday wrapped up her three-day visit, reaching broad consensus with the Chinese leadership on a wide range of issues and urging Beijing to keep buying U.S. Treasury bonds.

"By continuing to support American Treasury instruments, the Chinese are recognizing our interconnection.

"It would not be in China's interest if we were unable to get our economy moving," Clinton said at the US embassy shortly before departing for Washington.

"We are truly going to rise or fall together. We are in the same boat and, thankfully, we are rowing in the same direction."

Beijing has continued investment in U.S. government securities, which will help the U.S. administration fund the massive $787 billion stimulus package that U.S. President Barack Obama signed into law last Tuesday.

Foreign Minister Yang Jiechi said on Saturday after a meeting with Clinton that China wants its foreign exchange reserves - the world's largest at $1.95 trillion - invested safely, with good value and liquidity.