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Thread: Is it wise for China to hold so much debt of US?
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[quote=JIMMYB,305502]As Brad Setser (an American scientist) estimates, China holds 500-600 billions dollars of US agency paper, taking 10 percent of the outstanding stock of agency debt. Ft reports. On the other hand, Most of China's foreign exchange reserves are dollars. It seems that US to some extent just depends on China. Considering of the big quantity of American agency paper, it is a great task for China to switch into different instruments in the future. It is tough for China to replace its annual purchases of 150 billion dollars. For China, it is not a good idea to keep buying more treasuries because it might influence the incomes. As for the corporate bonds, China has to burden high risks. The great losses in Black Stone and Morgan Stanley is a good lesson for China to learn. Do you think it is wise for China to hold so much debt of US?[/quote]
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