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Obama Reassures China on US Investments

  • VOA News

President Barack Obama said Saturday China and other investors around the world should have "absolute confidence" in the soundness of their investments in the United States.

Mr. Obama's remarks at the White House sought to reassure China which has massive amounts of its currency reserves invested in U.S. government bonds.

Chinese Premier Wen Jiabao said Friday he is worried about the "safety" of Chinese assets in the United States.

On another economic subject, President Obama denied that there is a rift between the United States and Europe on the best way to confront the global economic crisis.

Mr. Obama was responding to reports that the U.S. was pushing for more stimulus, while Europeans were arguing that improved regulation is a greater priority.


The president said it is a false debate to choose between those two options. Mr. Obama said a full range of options will be considered at the summit of the Group of 20 world leaders scheduled for next month.

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