China worried about safety of U.S. debt

Premier Wen says China's large stake in U.S. Treasurys could lose value from massive U.S. deficit spending.

BEIJING (Reuters) -- Premier Wen Jiabao held out the prospect of extra stimulus spending if needed to hit China's 8% growth goal this year and called on Washington to ease worries Beijing has about the safety of its vast U.S. assets.

In his annual news conference ending the nine-day session of China's ceremonial parliament, Wen on Friday reaffirmed China's commitment to keeping the yuan broadly steady and noted that the currency, far from having depreciated, had been rising in value.More