U.S. loans

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...

Robert Scheer: Don’t Blame China

On Truthdig (via The Nation), Robert Scheer argues that those blaming China for the global financial woes are off-base: Citigroup led the way into the massive marketing of toxic collateralized debt obligations that has brought...

Paul Krugman: China’s Dollar Trap

New York Times columnist and Nobel laureate Paul Krugman writes about China’s accumulation of U.S. securities: Two years ago, we lived in a world in which China could save much more than it invested and dispose of the...

China Losing Taste for Debt From the U.S.

China is less willing to take on U.S. debt, which could result in higher interest rates for American borrowers, according to the New York Times: On Tuesday, President-elect Barack Obama predicted the possibility of...

China to the Rescue? Not!

Thomas Friedman continues his reporting from China. Writing from Dafen, home to knock-off masterpiece paintings, Friedman looks at how the U.S.-China relationship will change in the wake of the global financial crisis: After...

China’s Fortunes Anchored to Those of U.S.

In the Dallas Morning News, columnist Jim Landers writes about China’s role in the rescue of mortgage giants Fannie Mae and Freddie Mac, and just how intertwined the Chinese and American economies are: China is still...

“Backwardness Always Loses”

Overseas Chinese political commentator Liang Jing wrote following essay, translated by David Kelly: Last week, the US once again became ground zero for turmoil on global stock markets. It was triggered by much worse than...

U.S. Subprime to Hurt China Banks in 2008 – Reuters

From Reuters: Earnings at Chinese banks will probably be hit this year by the snowballing U.S. subprime mortgage crisis and Beijing’s moves to cool the economy, the president of the country’s sixth-biggest bank said on Monday. “We have to be very realistic: we are facing many challenges this year which are not only from home […]

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