Wednesday, January 12, 2011

Beijing Disses Washington, Again.

The Chinese have asked for assurances that their financial assets within the United States are safe.

Chinese Vice Foreign Minister Cui Tiankai dropped the bomb this way. "Regarding the security of China's assets in the United States, if the U.S. side can offer a positive statement on that then of course we'd welcome that, and it's an issue we're paying attention to." 

The jibe comes in advance of Chinese president Hu Jintao's visit to Washington next week.  The Chinese seem to get a kick out of publicly speculating whether their trillion dollar plus holdings in the US are at risk.

McClatchey Newspapers reports that the annual trade gap between the US and China widened by 26% in 2010 to $181-billion.

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