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.
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
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.