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Polled experts believe US bonds as 'risky'
Source: Xinhua |
June 1, 2009, Monday
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Print Edition
Print Edition
A majority of 23 Chinese economists surveyed saw the holding of United States bonds as "risky," according to a survey the Global Times published yesterday, the first day of US Treasury Secretary Timothy Geithner's visit to China.
Of the 23 polled, 17 said they believed the US bonds pose risks to China's economy.
Geithner will begin his first visit to Beijing as US treasury secretary in an attempt to assure the US's biggest creditor that its large holding of US bonds is safe.
Li Wei, an expert at the Ministry of Commerce, and Tian Yun, a scholar at the China Macro Economics Institute, expressed concerns over the risks, saying that the US may export its crisis to China "by printing US dollar notes uncontrollably."
But five other experts, including Yi Xianrong, a researcher at the financial research center of the Chinese Academy of Social Sciences, and Mei Jun, deputy director of the Finance and Securities Institute at Renmin University of China, don't believe US bonds pose "great risks" to China's economy.
Of the 23 polled, 17 said they believed the US bonds pose risks to China's economy.
Geithner will begin his first visit to Beijing as US treasury secretary in an attempt to assure the US's biggest creditor that its large holding of US bonds is safe.
Li Wei, an expert at the Ministry of Commerce, and Tian Yun, a scholar at the China Macro Economics Institute, expressed concerns over the risks, saying that the US may export its crisis to China "by printing US dollar notes uncontrollably."
But five other experts, including Yi Xianrong, a researcher at the financial research center of the Chinese Academy of Social Sciences, and Mei Jun, deputy director of the Finance and Securities Institute at Renmin University of China, don't believe US bonds pose "great risks" to China's economy.
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