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Earlier today, China's premier expressed concern about its sizable holdings of Treasuries and U.S. debt. Premier Wen Jiabao asked America to safeguard the value of Treasuries, noting that China is ready to expand its stimulus if the economy gets worse.
According to Wen, China is the biggest foreign creditor to the U.S. -- causing the Premier to ask the U.S. to make sure that its response to the current economic environment doesn't harm the value of the Chinese holdings.
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