China seems to have stopped buying US short term bonds recently. Since October the overall US debt held by China has been decreasing. Going from a high of $210 Billion to $5.69 Billion in March.
The question is why?
My guess is China expects a devuation of the US dollar to the Yuan. I would also guess that China does not expect a real deficit cutting deal in the US.
How China owns $1.2TRILLION of American deficit - Daily Mail
The question is why?
My guess is China expects a devuation of the US dollar to the Yuan. I would also guess that China does not expect a real deficit cutting deal in the US.
How China owns $1.2TRILLION of American deficit - Daily Mail
Labels: US Chinese Image
posted by Ray Ritchey at
12:03 PM
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