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 Get out your Chop Sticks

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Number of posts : 345

PostSubject: Get out your Chop Sticks   Mon Apr 20, 2009 5:14 pm

Linkarooni

Chinese Premier Wants Say In U.S. Economy

Monday, April 20, 2009 10:38 AM

Chinese Premier Wen Jiabao said on Saturday that the economic polices of countries which issue global reserve currencies require closer supervision as part of building a diversified international monetary system.

Wen and central bank governor Zhou Xiaochuan also cautioned against jumping to the conclusion that China is already on the path to economic recovery, after data issued on Thursday showed signs of an upturn in momentum.

Wen's currency comments, an apparent reference to U.S. economic management that Beijing has blamed in part for the global financial crisis, were twinned with a pledge to promote more international use of the Chinese yuan.

Wen did not mention the United States by name but he has expressed concern in recent months about the safety of Chinese investments in U.S. dollar assets.

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