As the U.S. Congress and Obama Administration are engaged in a protracted and bitter battle over the federal budget and debt ceiling, China, the United States’ largest creditor, is also getting involved. From the New York...
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 Sophie Beach | Jun 1, 2009
The Washington Post reports on Timothy Geithner’s visit to China: U.S. Treasury Secretary Timothy F. Geithner arrived in China this week seeking to reassure America’s biggest creditor that its hundreds of billions of...
by Sophie Beach | May 19, 2009
Reuters reports on the shifting economic relationship between China and the U.S.: Beijing has been far and away the single biggest foreign buyer of Treasuries over the past year, but this apparent vote of confidence belies how...
by Paulina Hartono | Mar 14, 2009
In response to Wen Jiabao’s unease at the safety of China’s U.S. Treasury holdings, the White House has sought to reassure China. From Bloomberg: “There’s no safer investment in the world than in the United States,”...
by Sophie Beach | Mar 13, 2009
At the NPC meetings, Premier Wen Jiabao expressed concern over $1 trillion of U.S. assets held by China, and called on the U.S. to guarantee its “good credit.” From the Washington Post: Wen’s remarks, which...
by Sophie Beach | Dec 28, 2008
Bloomberg News writes about prospects for U.S.-China relations under an Obama administration and amid a global economic crisis: Mr. Paulson, 62, who visited China 70 times during his career on Wall Street, made improving ties a...
by Sophie Beach | Sep 9, 2008
The San Francisco Chronicle blog looks at the impact in China of the US takeover of mortgage giants Fannie Mae and Freddie Mac: How will this move affect the United States’ major creditors like China? A well-informed...
by Zhaohua Li | Jul 18, 2008
Chinese state media are reporting one of China’s largest banks “may” own $20 billion worth of debt in the United States’ gravely troubled lending giants Fannie May and Freddie Mac: The Freddie Mac and...
by Kate Zhao | Jan 21, 2008
From the Archives
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