May 25, 2010 / 5:20 AM / 10 years ago

Clinton says China wise to buy U.S. debt instruments

BEIJING, May 25 (Reuters) - China has made a “wise” choice by buying United States debt instruments, U.S. Secretary of State Hillary Clinton said on Tuesday in Beijing, where senior officials from both powers are meeting for two days of talks.

In an interview with Chinese television, Clinton also said that at some point China would have to invest more at home.

China is the world’s largest holder of U.S. Treasuries, with $895.2 billion and added to its stockpile in March for the first time in seven months.

Chinese officials, including Premier Wen Jiabao, last year prodded the Obama administration to avoid pursuing fiscal policies that could erode the value of those treasury holdings.

Reporting by Arshad Mohammed; Editing by Ken Wills

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