Ren Media
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Ren Media
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Published on 16th February 2010
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."
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.
