This is of paramount concern.
SHANGHAI - China is ``a little bit worried'' about the safety of all the American debt it holds,Premier Wen Jiabao said Friday.
``We have lent a huge amount of money to the United States. Of course we are concerned about the security of our assets and, to be honest, I am a little bit worried,'' Wen said at a news conference ending the annual meeting of National People's Congress, the country's top advisory body.
Wen called on Washington ``to honour its words and stay a credible country and ensure the safety of Chinese assets.''
With more and more debt being piled onto the US taxpayer, China is gaining tremendous leverage. If they call for the US to pay back the debt... Well, it would be bad.
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