Source: CCTV.com
03-19-2009 09:39
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Background Report:
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Intro:
Last Friday Chinese Premier Wen Jiabao outlined a four point plan at the end of the annual National People’s Congress in Beijing. He said the first step was to bolster confidence. He also told reporters that the US must shore up its financial system because China will not stand for any more uncertainty in the U.S. banking sector.
US president Barack Obama responded last Saturday by saying that China should have "absolute confidence" that its sizable investments in the United States are safe. However, where does the confidence lie? Can political spins generate confidence alone? Will the divide between London and Berlin over the size of the stimulus packages have any hopes of being bridged in the near future?
