China urges responsible U.S. policy, stable dollar

China will again press the United States at high-level talks next week to protect Beijing's extensive U.S. investments by pursuing sound policies and keeping the dollar stable, a senior official said on Wednesday.

China holds an estimated 70 percent of its $2.13 trillion in currency reserves in dollar assets, mainly government bonds, and officials have expressed worries that massive U.S. pump-priming to revive the economy could sow the seeds of inflation.

Webmaster's Commentary: 

This government could, of course, make a decent start against its deficit by stopping the global wars of aggression to which it seems, at this point, to be terminally addicted.

Of course, that would be logical.

And much like its predecessor, logic and this administration do not seem to have much of an ongoing relationship.

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