“You Should Be Rooting for China”
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...
U.S. Treasury
China Tells U.S. It Must ‘Cure Its Addiction to Debt’
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...
Chinese Agency Downgrades U.S. Credit Rating
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...
China's Foreign Reserves Dilemma
Chinese policymakers are faced with the challenge of diversifying their foreign currency holdings. While the U.S. is rushing to legislate the borrowing limit, China must make some tough decisions regarding its portfolio. From...
China Continues to Trim its US Debt to Avoid Risks
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...
U.S. Backs Off in Currency Dispute with China
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...
China Slows Purchases of U.S. and Other Bonds
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...
Obama Administration Tries to Reassure China on Treasury Debt (With Video)
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,”...
China Uneasy About Proportion of Holdings in U.S. Treasuries
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...
Obama: China ‘Manipulating’ the Renminbi
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...
China Stocks Rise, But Not With The Rest of the Market
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...
U.S. Warns China on Currency
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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