foreign reserves

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...

3.5 Trillion Dollar Investor: A Mystery Man

Former physicist and bond trader Zhu Changhong remains a mystery man to most, despite handling investment of “the world’s largest stash of cash,” China’s $3.5 trillion foreign reserves. From Lingling Wei...

CIC Set for up to $200bn in Fresh Funds

China Investment Corp., the official sovereign wealth fund, is going to receive between $100-200 billion in new funds from the government. From the Financial Times: CIC, which has already fully allocated the $110bn it had...

Japan Overtakes China as Largest Holder of Treasuries

From Bloomberg: China’s ownership of U.S. government debt fell in December by the most since 2000, allowing Japan to regain the position as the largest foreign holder of Treasury securities. Japan’s holdings rose 1.5 percent in...

Philip Bowring: Chinese Exceptionalism

In the New York Times, Philip Bowring writes that while much of the world has “chafed against” U.S. exceptionalism in the global economic order, in fact China enjoys an exceptionalism that is contributing to global...

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