U.S. president says China can have confidence in America's economy

Special Report:Global Financial Crisis

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Brazil's President Luiz Inacio Lula da

Silva (L) talks to reporters after a meeting with his U.S. counterpart

Barack Obama (R) in the Oval Office of the White House in Washington March

14, 2009.(Chinese media/Reuters Photo)
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Asked to react to Wen's concern, Lawrence Summers,

director of the U.S. National Economic Council, noted on Friday that U.S. would

be "sound stewards of the money we invest."

"This is a commitment that the president has made

very clear --we need to be sound stewards of the money we invest," said Summers

in a speech at the Brookings Institution, a leading think tank in the United

States.

U.S. President Barack Obama (R) and Brazil's President Ignacio Lula Da Silva (L) address reporters in the Oval Office after meeting at the White House in Washington, March 14, 2009. (Chinese media/Reuters Photo)
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Premier worries about safety of Chinese assets in

U.S.

BEIJING, March 13 (Chinese media) -- Chinese Premier Wen Jiabao

said here Friday he is "a little bit worried" about the safety of Chinese assets

in the United States, urging the U.S. government to ensure the security of those

assets.

"We lent such huge fund to the United States and of course

we're concerned about the security of our assets and, to speak truthfully, I am

a little bit worried," said Wen at a press conference after the close of the

annual parliament session. Full story

U.S. trade deficit drops to lowest

level in six years

WASHINGTON,

March 13 (Chinese media) -- The U.S. trade deficit fell by9.7 percent in January to 36

billion U.S. dollars, the lowest level since October 2002, the Commerce

Department said Friday.

This marked a record sixth straight month that the trade

deficit shrank. Analyst had been expecting the trade imbalance to narrow to 38

billion dollars. Full story

Economy will be top issue at 5th

Americas Summit: U.S. official



WASHINGTON, March 13 (Chinese media) -- The top issue at the fifth Summit of the

Americas in April will be the current economic crisis, a senior U.S. diplomat

said.

"We have to protect the social gains we have made in the

past decade in the western hemisphere," U.S. Assistant Secretary of State Thomas

Shannon said in a statement posted on the State Department's website on

Friday. Full story