Website review: Economy: Is China Too Rich? - News...
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•2 reviews since Aug 29, 2006
news, china
•msnbc.msn.com/id/14535192/site/newsweek/
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LeadBlocker rated 22 months ago
Economy: Is China Too Rich?
With its dollar hoard rising at $17 billion a month and about to pass the $1 trillion mark, Beijing is finding out that it is possible to have too much money.
Beijing's growing dollar hoard represents the most dangerous imbalance in today's global economy. The United States is both importing heavily from China and borrowing heavily from the country to finance those purchases, pushing the dollar down and putting the two economic superpowers on a collision course.
Washington politicians demand that Beijing raise the value of the yuan against the dollar, and Chinese officials have hinted that if pushed too hard they might shift their near-trillion-dollar reserve out of U.S. Treasury bonds, which could trigger a U.S. and global recession. The main thing preventing this confrontation is the fact that both sides have too much to lose.
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- laodan rated 23 months ago
- China's Wealth Woes via ChinaBiz headlines, in NewsweekOnline (MSNBC) With its dollar hoard rising at $17 billion a month and about to pass the $1 trillion mark, Beijing is finding out that it is possible to have too much money. Beijing's growing dollar hoard represents the most dangerous imbalance in today's global economy. The United States is both importing heavily from China and borrowing heavily from the country to finance those purchases, pushing the dollar down and putting the two economic superpowers on a collision course. URL: China's Wealth Woes
Amazing figures... is it not? But what appears at first hand as a bonanza for the Chinese now starts to look like a severe threat for China itself. See my next post as being their answer to that thread...
- China's Wealth Woes via ChinaBiz headlines, in NewsweekOnline (MSNBC) With its dollar hoard rising at $17 billion a month and about to pass the $1 trillion mark, Beijing is finding out that it is possible to have too much money. Beijing's growing dollar hoard represents the most dangerous imbalance in today's global economy. The United States is both importing heavily from China and borrowing heavily from the country to finance those purchases, pushing the dollar down and putting the two economic superpowers on a collision course. URL: China's Wealth Woes
