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...
by Josh Rudolph | Oct 7, 2013
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...
by Natalie Ornell | Jul 20, 2013
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...
by Sophie Beach | Apr 25, 2011
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...
by victoriawu | Mar 18, 2011
Though China remains America’s largest creditor by virtue of holding the largest amount of U.S. debt through Treasury bonds, China has also been selling a large portion of them in order to diversify risk. From the...
by Sophie Beach | Jul 7, 2010
From AP: China tried Wednesday to allay concern about the political impact of its $2.5 trillion foreign reserves, saying they are not a “nuclear weapon” to control other nations and its vast holdings of U.S. Treasury...
by cschultz | Feb 16, 2010
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...
by Sophie Beach | Jan 24, 2010
Columnist Robert J. Samuelson writes in the Washington Post: China disclosed the other day that its foreign exchange reserves had increased to about $2.4 trillion in 2009, up $453 billion for the year. These stupendous figures...
by Sophie Beach | Sep 22, 2009
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...
by Sophie Beach | May 13, 2009
The New York Times has two op-ed pieces today looking at the power of the renminbi versus the U.S. dollar. From Nouriel Roubini (professor of economics at the New York University Stern School of Business and the chairman of an...