Pressing cash-rich China to continue to investing in the US,Secretary of State Hillary Clinton said their economies were “intertwined” so much so that they were “truly going to rise or fall together.”
“It would not be in China’s interest if we were unable to get our economy moving again,” Clinton said in an interview before wrapping up her first foreign trip as the top US diplomat.
“Our economies are so intertwined,the Chinese know that to start exporting again to their biggest market,namely the United States,the United States has to take some very drastic measures with this stimulus package,which means we have to incur more debt,” she said in an interview to Shanghai-based Dragon TV shortly before leaving China,her last stop in the four-nation tour.
“So by continuing to support American treasury instruments,the Chinese are recognising our interconnection. We are truly going to rise or fall together. We are in the same boat and thankfully we are rowing in the same direction,” Clinton said.
China is the world’s biggest holder of U.S. treasury instruments and Clinton said continuing to invest in them was “a very smart decision.”