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BEIJING - China will press Washington at economic talks next week to follow policies that protect the value of Chinese investments in the United States, a finance official said Wednesday.
The talks are the first meeting of the Strategic and Economic Dialogue under the Obama administration.
Beijing's chief envoy, Vice Premier Wang Qishan, "will make the request that the U.S. side should adopt responsible policies to ensure the basic stability of the exchange rate of the U.S. dollar and protest the safety of Chinese assets in the United States," said Zhu Guangyao, an assistant finance minister.
Chinese officials have repeatedly expressed concern that the U.S. stimulus plan, in response to the global economic crisis, might erode the value of the dollar and China's vast holdings of U.S. government debt.
China is Washington's single biggest creditor, with holdings of $768 billion of Treasury securities, according the U.S. Treasury Department.
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