Clinton tells China U.S. shares interests to revive troubled economy

BEIJING (AP) âÄî U.S. Secretary of State Hillary Rodham Clinton wants China to continue investing in the United States because the two countriesâÄô financial futures are closely tied together. âÄúI certainly do think that the Chinese government and central bank are making a smart decision by continuing to invest in Treasury bonds,âÄù she said during an interview Sunday with the popular talk show âÄúOne on One.âÄù âÄòâÄôItâÄôs a safe investment. The United States has a well-deserved financial reputation.âÄù To boost the economy, the U.S has to incur more debt, she said, shortly before departing for Washington. âÄúIt would not be in ChinaâÄôs interest if we were unable to get our economy moving,âÄù Clinton said. âÄúSo by continuing to support American Treasury instruments, the Chinese are recognizing 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. âÄúOur 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.âÄù With the export-heavy Chinese economy reeling from the U.S. downturn, Clinton has sought in meetings with President Hu Jintao, Foreign Minister Yang Jiechi and Premier Wen Jiabao to reassure Beijing that its massive holdings of U.S. Treasury notes and other government debt would remain a solid investment.