China Hopes U.S. Keeps Deficit to Appropriate Size
China hopes that the United States will keep its deficit to an appropriate size to ensure basic stability in the U.S. dollar exchange rate, Chinese Premier Wen Jiabao said on Sunday. "We have seen some signs of recovery in the U.S. economy ... I hope that as the largest economy in the world and an issuing country of a major reserve currency, the United States will effectively discharge its responsibilities," Wen told a news conference in Egypt. "Most importantly, we hope the United States will keep an appropriate size to its deficit so that there will be basic stability in...
Original Article: Forum: News/Activism
Tags: China, Chinese Premier Wen Jiabao, Dollar Exchange Rate, Dollar Rate, Economy, Egypt, News Conference, Premier Wen Jiabao, reserve currency, Signs, United States, Wen Jiabao, X22