China warns US to stop buying US treasury bonds!

China warns US to stop buying US treasury bonds!
Dec 18, 2008 00:44
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	China warned on Wednesday that it would stop lending money to US indefinitely by buying more and more US treasury bonds, though it has become the top creditor and buyer of US government bonds. China had already held 652.9 billion dollars of US Treasury bonds at the end of October, up 11.2 percent from 587 billion dollars a month earlier. The report also quoted from China Daily that "as China and other nations help prop up the US economy, the United States should use the window of opportunity to undertake necessary reforms". The financial crisis has also caused much pressure to China. That's why China urges US to take necessary reforms to save itself because China needs to take care of itself too.

Dec 18, 2008 00:44

JIMMYB
Points:
Join Date: Feb 7, 2007
Status: offline

China warned on Wednesday that it would stop lending money to US indefinitely by buying more and more US treasury bonds, though it has become the top creditor and buyer of US government bonds.

China had already held 652.9 billion dollars of US Treasury bonds at the end of October, up 11.2 percent from 587 billion dollars a month earlier.

The report also quoted from China Daily that "as China and other nations help prop up the US economy, the United States should use the window of opportunity to undertake necessary reforms".

The financial crisis has also caused much pressure to China. That's why China urges US to take necessary reforms to save itself because China needs to take care of itself too.

Dec 19, 2008 03:45	#1
FRANKENSTEIN Points: Join Date: Nov 29, 2004 Status: Offline	Hmmm, I am thinking what kind of result will happen if China really sells US dollars.

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