[URL]http://globalpublicsquare.blogs.cnn.com/2011/08/14/why-china-needs-u-s/?hpt=hp_c1[/URL]
Interesting read.
Your thoughts?
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[URL]http://globalpublicsquare.blogs.cnn.com/2011/08/14/why-china-needs-u-s/?hpt=hp_c1[/URL]
Interesting read.
Your thoughts?
Many economists point out that as long as China manipulates the value of their currency, they have no choice. They buy dollars to hold down the value of their currency. But what can they do with all of these dollars? They buy U.S. Treasury bonds!