U.S. and China Keep Each Other

Gary Locke

World News - Fruit soaring debt the United States (U.S.) to make the country create an impression of each case with China. Because, all the audience knows, China is the largest holder of U.S. debt. As of April 2011, Chinese holdings of debt securities is the amount of 1.15 trillion U.S. dollars. Meanwhile, total U.S. debt, as news AP, AFP and Bloomberg on Monday (8/15/2011), reached 14.58 trillion.

China alone, some time ago already warned the U.S. on the edge of failure to pay debts. State opinion that the Great Wall, the world's economic stability would be threatened.

So, it makes sense if the speech the U.S. Ambassador to China in Beijing Gary Locke has a value if the U.S. tried hard to overcome its debt pile that. In fact, Locke asserted that the Chinese investment in the U.S. is guaranteed safe.

Locke also called for greater cooperation between China and the country. Because of that debt, the U.S. ratings go down. Previously, the U.S. debt ratings at AAA positions. "President Barack Obama and Congress have jointly run in a single step to ensure the fiscal integrity of the U.S.," Locke said.

"In recent days more and more people are buying U.S. bonds and obviously it shows indications that investment in the U.S. is safe. Although we are currently facing a number of challenges, the economy is still strong," said Locke again.

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Locke was the first American of Chinese descent who occupy duties as Ambassador in China. Locke himself previously served in the Ministry of Commerce. The first task that awaits him is to prepare the visit of U.S. Vice President, Joe Biden, who will arrive this weekend.

U.S. President, Barack Obama has previously said it wanted to improve relations with China. Obama is hoping the appointment of Locke will be a key step toward that process. "Surely there will be many challenges that will face challenges by China and America," Locke said.