Hopes on US measures to ensure assets safe: Wen Jiabao

Premier Wen Jiabao said 14 that the fluctuation of US dollar has aroused great concern of <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />China, and expected US government to make its bond investors rest assured with effective measures.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Wen indicated the prerequisite for China’s huge exchange reserves are firstly focused on its safety, other than on its liquidity and value preserving or increasing. It is just for this purpose that China has  purchased external bonds, by way of diversified operation.

“As dominator of world currency, the fluctuation in the value of US dollar is a big concern for us,” he said, “we can not afford any mistake when running our financial assets, I’ll stress this concern today as stressed last year.” He said US treasury bonds are guaranteed by its national credibility, and expected US government to take concrete measures to assure the investors, “this will be helpful not only to the investors but the US”.