China’s Investment in the Ailing U.S.: Will Washington’s Big Creditor Turn Away?
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?...
View ArticleChina’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:...
View ArticleCredit Crisis Casts Gloom Over China’s Exporters
The AP reports on the impact of the global financial crisis on China’s exporters: China has been known as the world’s factory for everything from toys to T-shirts, and exports have powered its growth...
View ArticleChina 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...
View ArticleCracks in U.S.-China Relations Are Widening Again in Crisis
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...
View ArticleChina 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...
View ArticleChina 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,...
View ArticleObama 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...
View ArticlePaul 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...
View ArticleWary of U.S. Debt, China Shifts Gears on Investment
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...
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Geithner Tells China Its Dollar Assets Are Safe (Updated)
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...
View ArticleRobert 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...
View ArticleChina Says Foreign Reserves not Political `Weapon’
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...
View ArticleCIC 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...
View ArticleChina Urges U.S. to Take Responsible Action on Debt
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...
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