“So our interest is not just to protect Chinese investment. We have an overarching interest in protecting the investment, while the United States has never defaulted and never will default.”
Responding to questions posed by members of the audience, Biden assured the congregation that China’s US$1.17 trillion investment in US Treasury securities were safe.
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“So our interest is not just to protect Chinese investment. We have an overarching interest in protecting the investment, while the United States has never defaulted and never will default.”
Biden then went on to praise China’s economic and social progress, stressing that a rising China is a positive development, not only for the Chinese people but for both the US and the world.
Biden further noted that as the two largest economies in the world, both countries had a part to play in the global recovery process.
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