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Thread: Is China already "kidnapped" by US?
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[quote=ICEBERG,331601]With a hold of almost 2 trillion dollars foreign reserves in hands, what should China do to keep it from damage? I don't know. China has tried to use its hudge amount of foreign reserves to invest in the US markets but it has proved that it was just a failure. Someone advises that China should sell out all its US dollar assets which takes 65 percent of its total foreign reserves in order to avoid great losses. This is not a good idea too. Selling out dollars might collapse US economy. You have known that the credit crisis in US has caused a serious global economic crisis. If US economy collapses, China will be impacted seriously too. So China won't sell dollars. Marrie, actually I have noticed that many recent reports have similar views. Some of them suggest that the western countries should learn from the socialist country (probably China??) to fight the global financial crisis. As for the joke, it is ironic, isn't it? [/quote]
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