Biden assures China investments are safe
After another day of turmoil in world financial markets, Vice President Biden sought Friday to assure China, the United States' largest foreign creditor, that its investments in US Treasury securities are safe.
During a meeting with US Vice-President Joe Biden on Tuesday , Chinese Vice-President Xi Jinping said China would open up the third party liability auto insurance market to foreign companies , a move industry experts said would help boost foreign non-life insurers ' market share and improve local insurers ' products and services .