'Still worried' abouth dollar assets

At the conference, Wen explicitly stated that he is "still worried" about China's US dollar assets, the same remark that he had made last year on the same occasion.

"The instability of the US dollar is a great concern for China's foreign assets," he said, urging the US government to take actions to assure foreign investors of its treasury bonds

China remains the largest creditor of the United States by holding US$894.8 billion in the US treasury bonds at the end of last year, according to the US Treasury Department.

Wen reiterated that China needs to guarantee the "safety, liquidity and good value" of its foreign exchange reserves and diversify the investment of the reserves.

"Safety is China's top concern for the country's foreign reserve investment," Wen said, noting that China cannot afford any mistake in the management of the country's financial assets.

Wen expressed hopes that the United States could take concrete actions to ensure the security of the assets and assure its foreign investors, as the value of US treasury bonds are guaranteed by its national credibility.

China's foreign exchange reserves stood at US$2.3992 trillion at the end of 2009.

(Xinhua News Agency March 14, 2010)