U.S. president says China can have confidence in America's economy
www.chinaview.cn 2009-03-15 01:25:15   Print

Brazil's President Luiz Inacio Lula da Silva (L) talks to reporters after a meeting with his U.S. counterpart Barack Obama (R) in the Oval Office of the White House in Washington March 14, 2009.(Xinhua/Reuters Photo)
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    Asked to react to Wen's concern, Lawrence Summers, director of the U.S. National Economic Council, noted on Friday that U.S. would be "sound stewards of the money we invest."

    "This is a commitment that the president has made very clear --we need to be sound stewards of the money we invest," said Summers in a speech at the Brookings Institution, a leading think tank in the United States.

U.S. President Barack Obama (R) and Brazil's President Ignacio Lula Da Silva (L) address reporters in the Oval Office after meeting at the White House in Washington, March 14, 2009.  (Xinhua/Reuters Photo)
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Premier worries about safety of Chinese assets in U.S.

    BEIJING, March 13 (Xinhua) -- Chinese Premier Wen Jiabao said here Friday he is "a little bit worried" about the safety of Chinese assets in the United States, urging the U.S. government to ensure the security of those assets.

    "We lent such huge fund to the United States and of course we're concerned about the security of our assets and, to speak truthfully, I am a little bit worried," said Wen at a press conference after the close of the annual parliament session.  Full story

U.S. trade deficit drops to lowest level in six years

    WASHINGTON, March 13 (Xinhua) -- The U.S. trade deficit fell by9.7 percent in January to 36 billion U.S. dollars, the lowest level since October 2002, the Commerce Department said Friday.

    This marked a record sixth straight month that the trade deficit shrank. Analyst had been expecting the trade imbalance to narrow to 38 billion dollars.  Full story

Economy will be top issue at 5th Americas Summit: U.S. official

    WASHINGTON, March 13 (Xinhua) -- The top issue at the fifth Summit of the Americas in April will be the current economic crisis, a senior U.S. diplomat said.

    "We have to protect the social gains we have made in the past decade in the western hemisphere," U.S. Assistant Secretary of State Thomas Shannon said in a statement posted on the State Department's website on Friday.  Full story


Editor: Yan
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