Beijing Urges U.S. to Avoid Default
As the U.S. government begins its second week on shutdown, Beijing has urged Washington to avoid a debt crisis and protect Chinese investments. Reuters reports: China, the U.S. government’s largest creditor, is...
U.S. debt
“Racist” Super Bowl Political Ad Under Fire (Updated)
Controversy over last year’s Groupon Super Bowl ad, which drew accusations of exploiting the plight of Tibet, was echoed on Sunday by a campaign ad for Michigan’s Pete Hoekstra, a prospective candidate for the US...
Biden Assures China on its U.S. Investments
Vice President Biden met with President Hu Jintao and Premier Wen Jiabao today in Beijing, and sought to reassure the Chinese government and people that their investment in the American economy was secure, the Washington Post...
Fareed Zakaria: China's Not Doing Us a Favor
For CNN, Fareed Zakaria writes that fears in the U.S. that China will stop lending to the U.S. following the debate over the debt ceiling are overblown: The economic situation between China and the U.S. is the financial version...
China Tells U.S. It Must ‘Cure Its Addiction to Debt’
China expressed the need for Washington to solve its long-term debt problem. This harshly worded commentary came just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt. From New...
Record Yield Premiums Spur Best Yuan Gains in Three Months: China Credit
With the Chinese yuan rising 0.41 percent versus the dollar in the last two weeks, China’s five-year notes and comparable U.S. Treasury issues was at a record high yesterday. The growing strength of the yuan was boosted...
China's Foreign Reserves Dilemma
Chinese policymakers are faced with the challenge of diversifying their foreign currency holdings. While the U.S. is rushing to legislate the borrowing limit, China must make some tough decisions regarding its portfolio. From...
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