China Announces More than $200 Billion in New Spending Plan, Concerned About Financing U.S. Debt

Speaking at his annual press conference Friday, Chinese Premier Wen Jiabao announced more than $200 billion of new spending to bolster the nation’s flagging economy. However, Wen also voiced concern about China’s financing of U.S. debt - which U.S. President Barack Obama is counting on to fund this country’s massive stimulus…