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Ren Media China Roundup 16/02/10

Sports: 

Chinese ice skating stars Shen Xue and Zhao Hongo win their first Gold medal in four attempts at the Winter Olympics in Vancouver.

Shen Xue: "This medal is not just for us, it is for the entire China figure skating team. There are so many people who have supported us and made incredible sacrifices."

Finance:

China slipped in December to the second-largest foreign holder of U.S. Treasurys behind Japan after holding the top spot for 15 months. 

"China is trying to send a subtle economic and political message to the U.S. through the deployment of its foreign exchange reserve holdings," said Eswar Prasad, a senior fellow at the Brookings Institution.

China is set to become the world’s second largest economy in 2010, replacing Japan.

 

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