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Wen Says World Must Get ‘House In Order,’ Not Rely on China


Wen Says World Must Get ‘House In Order,’ Not Rely on China
September 13, 2011, 11:30 PM EDT

(Updates with comment from Wen in second paragraph.)

Sept. 14 (Bloomberg) — Chinese Premier Wen Jiabao, facing calls to widen support for indebted European countries, signaled that developed nations should cut deficits and create jobs rather than relying on China to bail out the world conomy.


Now The Balance Begins To Shift

The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.

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“Countries must first put their own houses in order,” Wen said today at the World conomic Forum in Dalian, China. “Developed countries must take responsible fiscal and monetary policies. What is most important now is to prevent the further spread of the sovereign debt crisis in Europe.”

source: http://www.businessweek.com/news/2011-09-13/wen-says-world-must-get-house-in-order-
not-rely-on-china.html

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