Today, during a press conference after the closing meeting of the National People’s Congress, Chinese Premier Wen Jiabao said that “he is ‘a little bit worried’ about the safety of Chinese assets in the United States,” and urged “the U.S. government to ensure the security of those assets.” Mr. Wen explained that “China is indeed the largest creditor of the United States, which is the world's biggest economy. We are extremely interested in developments in the U.S. economy.” China’s foreign reserves “will be mainly used in overseas investment and trade, as the reserves are actually the liabilities of the central bank instead of fiscal fund.” At the end of 2008, China’s foreign exchange reserves stood at $1.95 trillion, of which $681.9 billion were held in U.S. government bonds.