Survey: Most of economists say US bonds risky

On the first day of US treasury secretary Timothy Geithner's visit to China, the Beijing-based Global Times published a survey of Chinese economists on Sunday, saying that majority of them deemed the vast holding of US bonds risky.

Among the 23 experts polled, 8 believed that China should greatly reduce holding of US treasury bonds while 15 opposed it. On the issue whether US equities pose great risks to China's economy, 17 say yes while 6 say no. Zhou Shijian, senior research fellow of the Center for US-China Relations at Tsinghua University, said the vast holding of US equities can be very dangerous as the American are not going to reduce the speed of printing dollars. Li Defeng, a professor of the School of Finance at the Central University of Finance and Economics, said China should reform its existing economic growth pattern and rely on expanding domestic demand.