Joe Biden Begins 9-Day Asian Tour In China

China holds more than $1 trillion in U.S. treasuries, making it the largest foreign holder of U.S. debt. Among the items on the vice-president's agenda: assuring China its money is safe.

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RENEE MONTAGNE, host:

NPR's business news starts with the vice president in China.

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MONTAGNE: Joseph Biden is in Beijing today. China holds over $1 trillion in U.S. treasuries, making it the largest foreign holder of U.S. debt. So, among the items on the vice-president's agenda: assuring China its money is safe.

Though China has largely refrained from making specific public demands on the U.S., there has been criticism there. One prominent economist who advises China's Central Bank offered this barb: The U.S., he said, has entered a long period of decline.

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