Our debt...China's worry

Al Jazeera English - Business - China's Wen worried over US assets: "Speaking at his annual news conference on Friday, Wen expressed concern that massive US deficit spending and near-zero interest rates could erode the value of China's bond holdings.

China is the biggest holder of US government debt and has invested an estimated 70 per cent of its $2 trillion stockpile of foreign exchange reserves, the world's largest, in dollar assets.

'We have lent a massive amount of capital to the United States, and of course we are concerned about the security of our assets,' Wen said."