Chinese Premier Announces New Spending Plan, Voices Concern Over U.S. Treasuries
Mar 16th, 2009 | By Jason Simpkins | Category: Emerging Markets, Financial NewsSpeaking at his annual press conference Friday, Chinese Premier Wen Jiabao announced more than $200 billion of new spending to bolster the nation’s flagging economy. However, Wen also voiced concern about China’s financing of U.S. debt – which U.S. President Barack Obama is counting on to fund this country’s massive stimulus plan.