While reports suggest China's housing bubble may soon burst and some express the zero-sum sentiment that China's continued rise means America's decline, economist Zachary Karabell argues that a thriving China is actually in the...
by zhou shuren | Aug 6, 2011
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 York Times:...
by cdtstaff | Aug 3, 2011
Although President Obama signed a bill to raise the U.S. debt ceiling yesterday, today a Chinese credit agency Dagong Global Credit Rating Company has downgraded its credit rating for the U.S. From CNN: The Dagong Global Credit...
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 Economic...
by Paulina Hartono | Oct 16, 2010
The U.S. Treasury Department has postponed its announcement on whether China is a currency manipulator. From Reuters: The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency...
by Xiao Qiang | Apr 12, 2009
From the New York Times: Reversing its role as the world’s fastest-growing buyer of U.S. Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in...
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,” White House...
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 were made at the...
by Sophie Beach | Jan 22, 2009
Amid speculation of how U.S.-China relations will shift under Obama, Tim Geithner, the new choice for Treasury Secretary has given some indication of the new administration's priorities. From the Financial Times: In a written...
by Ian Sherr | Mar 12, 2008
Tuesday saw huge gains for the Dow Jones industrial average, with 416.66 point gain--the largest in nearly five years. This came after the Federal Reserve released $200billion in "liquidity," in an effective buyout, to raise...
by Sophie Beach | May 18, 2005
From the New York Times: The Bush administration warned China on Tuesday that its currency policies were distorting world trade, and it brandished the threat of retaliation against the country’s exports if Chinese leaders did not change course in the next year. In language far harsher than it has used before, the Treasury Department declared […]
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