bond holdings

 Chinese Premier Wen Jiabao made an announcement on Sunday concerning the condition of global economy. He emphasized that China hopes the United States will keep its deficit to an appropriate size to ensure basic stability in the U.S. dollar exchange rate.

At a news conference in Egypt Wen said: "We have seen some signs of recovery in the U.S. economy ... I hope that as the largest economy in the world and an issuing country of a major reserve currency, the United States will effectively discharge its responsibilities.”