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Obama Administration Tries to Reassure China on Treasury Debt

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posted on Mar, 14 2009 @ 01:26 AM
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Obama Administration Tries to Reassure China on Treasury Debt


www.bloomberg.com

March 14 (Bloomberg) -- The U.S. sought to ease Chinese Premier Wen Jiabao’s concern about the security of his country’s investments in U.S. government debt, reiterating pledges to cut the budget deficit in half in four years.
(visit the link for the full news article)


Related News Links:
www.guardian.co.uk




posted on Mar, 14 2009 @ 01:26 AM
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It looks like China is no longer at ease with all the money they've invested in the U.S.A.'s debt. Currently China has invested over $696 billion in U.S. Treasury debt. Yu Yongding, a former adviser to the central bank, even said that the nation should seek guarantees that its Treasury holdings won’t be eroded by “reckless policies.”

www.bloomberg.com
(visit the link for the full news article)



posted on Mar, 14 2009 @ 01:30 AM
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They did this in 07.
This is what started it.
Chinese bond sell off.



posted on Mar, 14 2009 @ 01:38 AM
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reply to post by BorgHoffen
 

Yes, and I'm afraid it will make things worse now



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