China Says Would ‘Welcome’ U.S. Statement on Holdings

China said it would “welcome” a positive statement from the U.S. on the stability of Chinese-held dollar assets during next week’s summit in Washington between President Hu Jintao and President Barack Obama.

“If the U.S. makes a positive statement on this issue we surely will welcome that,” Chinese Vice Foreign Minister Cui Tiankai said in response to a question at a press briefing today in Beijing. “China follows very closely the economic health of the United States and vice versa.”