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...
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...
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...
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...
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,”...
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 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...
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