Word: wen
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Dates: during 2000-2009
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After two days of arguing about a lightweight brown sneaker that had been lobbed at Chinese Premier Wen Jiabao as he spoke at Cambridge University earlier this year, the verdict came with an air of denouement. On Tuesday, German biomedical research student Martin Jahnke, 27, who had tossed his footwear onto the stage during Wen's speech in protest over China's human-rights record, was found not guilty of a public order offense by the Cambridge Magistrates' Court...
...Geithner concluded his maiden journey to China as Treasury Secretary on Tuesday by meeting the two most powerful men in the nation that is the biggest creditor of the United States: President Hu Jintao and Prime Minister Wen Jiabao. The man whose name now graces dollar bills in the United States was, in effect, meeting his bankers. But if those two pressed the Treasury Secretary about whether their government's huge investments in the U.S. are safe - the way some of their colleagues "grilled" Fisher, Geithner's former colleague on the Federal Reserve Board - it's a secret. Indeed...
...concern of the Chinese is not a figment of anyone's imagination. It was just in March, in fact, that Premier Wen himself prodded Washington for reassurance. At the annual meeting of China's National People's Congress in Beijing, Wen said, "We have lent a massive amount of capital to the United States, and of course we are concerned about the security of our assets. To speak truthfully, I do indeed have some worries. So I call on the United States to maintain its creditworthiness, abide by its commitments and ensure the security of China's assets." (Read...
...Thus, as he headed into his key meetings in China, Geithner actually had an ever so slight wind at his back. He acknowledged as much, in fact, upon greeting Prime Minister Wen: "At the time we met in New York [last autumn]," Geithner told him, "it was a time of great panic. But we are happy to see small signs of recovery...
...Wen welcomed Geithner warmly in his public remarks; the chill in China's rhetoric of just a couple of months ago is now gone, as is any notion that Beijing will stop buying huge amounts of Treasury debt anytime soon. In fact, in March, China's direct holdings of U.S. Treasury securities alone (excluding so-called agency debt issued by Fannie Mae and Freddie Mac) rose $23.7 billion, to reach a new record of $768 billion, according to preliminary U.S. data, making China far and away America's biggest creditor...