WASHINGTON Dec 15 Federal Reserve Chairman Ben
Bernanke, in a response to a lawmaker's questions made public
on Tuesday, said China was likely to continue to buy U.S.
assets as long as it keeps its currency closely tied to the
"Absent a policy shift in China that entails a
discontinuation of official operations to resist upward
pressure on the country's currency, China will continue to
accumulate external assets and thus likely will continue to
invest in U.S. assets," Bernanke said in written responses to
questions from Senator Jim Bunning of Kentucky that were posted
on the senator's website.
"Foreign countries, including China, find (U.S.) Treasury
securities attractive because the market for U.S. government
securities is one of the deepest and most liquid markets in the
world and because the U.S. dollar is widely accepted as the
premier reserve currency," he said.
(Reporting by Mark Felsenthal and Pedro da Costa; Editing by