China Frets About U.S. Holdings Ahead Of Hu Trip
Editor's Note: This story was originally published Jan. 12 - We are reposting in light of Hu's visit with Obama commencing today. Please see video SNL video below.
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(Reuters) - China would welcome assurances its financial assets in the United States are safe, a senior diplomat said on Wednesday, ahead of President Hu Jintao's visit next week, but played down rifts between the two powers.
Chinese Vice Foreign Minister Cui Tiankai said North Korea and other issues that need the two global giants to work together would also come up during Hu's January 18-21 trip. Hu will hold talks with President Barack Obama on January 19.
While Obama is certain to press Hu on currency controls, which many in Washington say keeps the yuan unfairly cheap and contributes to the U.S. trade deficit, Cui said Beijing had its own concerns about safety its big holdings of U.S. treasury debt.
China has amassed the world's biggest stockpile of foreign exchange reserves at $2.85 trillion, an estimated two-thirds of which is invested in the United States.
"Regarding the security of China's assets in the United States, if the U.S. side can offer a positive statement on that then of course we'd welcome that, and it's an issue we're paying attention to," Cui told reporters.
Underscoring China's sensitivity to the issue, an academic adviser to its central bank, Xia Bin, told Reuters that global financial markets are better off with a balance between the dollar and euro, as opposed to having only dollar dominance.
China often seeks assurances on the security of its U.S. investments before any high-level meetings with Washington.
For two years, Chinese Premier Wen Jiabao has used his most important press conference of the year to say he is worried about the safety of China's U.S. investments.
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You gotta see this one...
Very funny skit on the national debt. It starts out slowly, but the jokes kick in after a minute or so.
- "You are not allowed to pay us back in clunkers."
- "Do I look like Mrs. Obama? Then why you are trying to do sex to me like Mrs. Obama."
Saturday Night Live annihilates Obama in a mock presser with Chinese President Hu Jintao and his unique interpreter.
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Jan 19, 2011 at 3:26 PM
Reader Comments (8)
http://dailybail.com/home/snl-presidential-mockery-hu-jintao-asks-obama-why-you-not-ki.html
http://www.reuters.com/article/idUSTRE7082BL20110109?loomia_ow=t0:s0:a49:g43:r1:c0.200603:b40882506:z0
http://www.reuters.com/article/idUSTRE70B11S20110112
http://www.reuters.com/article/idUSTRE70B1MQ20110112
It must be by peaceful means, with the intent of a peaceful resolution, and for peace and prosperity to eventually be found over-abundantly in this land, as was always the intent and purpose for this country, regardless of how it has acted since its inception.
violence will lead to massive bloodshed and civil war from the greed of a minority of men in positions of high power who care not about the people who would die, in their last dying gasp and final grasp to maintain their status quo and positions of control, as wealthy, racketeering, puppeteer slave-masters.
so brother will kill brother in senseless acts of stupidity from a brainwashed delusional false patriotic mindset instilled in them to protect the 'homeland' from the 'civilian' uprising, all the while not giving a thought on the oath the military and police took to protect and uphold the constitution from enemies foreign and domestic, falsely believing the 'civilians' are the enemy and not those in power from whom they are given and do take orders from, resultant from a basic lack of critical thinking and individualism which is highly frowned upon and where conformity and collectivism are the core doctrines.
the military has been built to take orders.
the problem not only lies within this, but even more so with the people who issue those orders.
the problem of the current state of america is that while the problem was being built, it wasn't yet a realized, perceived or even potential problem, so the people did nothing as their wealth, lives and potential was degraded, compromised and enslaved over time.
All that is necessary for evil to triumph is for good men to do nothing...
and now the those few men that exist are just mere candles in the overwhelming darkness giving 'light' to those who would 'see' from it, if they so chose...
and to send that light unto others who would see, if they could, and eventually, inevitably, hopefully... LIGHT UP the darkness...
http://whatreallyhappened.com/WRHARTICLES/dearrachelmaddow.php
voting doesnt work anymore(if it ever did, once upon a time in a vacuum...voting is a tenant of democracy, which is MOB RULE, which is why this country WAS a republic and texas is no longer), its an illusion fed by your delusion that your vote counts, the numbers arent manipulated, and both parties have separate policies and something to offer(however lacking of principles), fueling your cognitive dissonance and inducing comatose like complacence so you can get up and go do your slave labor in the morning.
when in fact both parties policies are the same in practice (casting aside diarrhea of the mouth syndrome these people spew), people cannot count anymore, much less ballots, which are being computerized(which means NO ONE counts them), they all steal your labor calling it taxes, and you let them...
you cant fix a problem, much less a state or country, by putting an frickin X in a box, thats called noting REALIZATION.
at this rate your better off not voting and someday getting illegitimate elections, but the problem is the system is built to cater or rather, control - the majority, leaving the minority without power enough to contest anything, as usual.
WAKE UP
http://www.globaltimes.cn/content/761743.shtml
[snip]
British Prime Minister David Cameron delivered a speech on the UK's relations with the EU last month, in which he promised an in-or-out referendum on the EU if the Conservatives win the next election.
Although the EU is not willing to see the disengagement of its third biggest economy, just after Germany and France, it doesn't want to endlessly bend to the UK, which interrupts European integration by frequently invoking the escape clause. Germany and France warned the UK not to expect to freely select the rules it wants. And the European media thinks that if the UK leaves, it will be impossible for it to enjoy preferential trade as Norway and Switzerland do...
...Due to the UK's economic advantages and loose policy toward Chinese investment, Chinese investment in the UK enjoys fast growth. Besides, the UK is an important source of investment in China, since it is the second largest EU direct investor in China. Lately, the UK also became the first G7 nation to reach a currency-swap agreement with China.
Obviously, China-UK economic and trade relations flourish thanks to the background of British EU membership. Given the possibility of the UK's disengagement, the EU may compress the space for the UK's economy and trade.
Governor of the Bank of France Christian Noyer has argued that it was unreasonable for London to remain the financial center of the eurozone. If this happens, China-UK trade cannot stay unaffected. China should be prepared in case the UK does leave.