- China versus USA: China hat die längeren Spiesse! - Emerald, 07.12.2003, 11:19
- Re: Klingt sehr plausibel, schönen Sonntag! Und man kauft AU weiter. (owT) - André, 07.12.2003, 12:54
- Re: Wozu brauchen die soviel Ã-l? - Theo Stuss, 07.12.2003, 19:04
- Clever sind sie - politico, 07.12.2003, 21:52
China versus USA: China hat die längeren Spiesse!
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China net seller of US debt by 2.8 billion in Sept
December 4 - Far Eastern Economic Review: “Although still intervening heavily in the foreign-exchange market, in the last few months China has radically scaled back its purchases of United States bonds. In September, Chinese institutions were actually net sellers of U.S. government and agency debt by $2.8 billion, even though foreign reserves rose by $19 billion. Now, economists and market strategists are beginning to wonder what Beijing is doing with all the dollars it is buying. Chinese state media provided a partial answer in early December, reporting that Beijing plans to build up a 90-day, 50-million-tonne strategic oil reserve. At current crude prices of around $30 a barrel, that will cost China $10 billion. Bankers and brokers in Hong Kong predict further large purchases of strategic materials, together with the possible acquisition of equity stakes in overseas suppliers over the coming year. If pursued, China’s diversification away from U.S. government bonds will be bad news for Washington, which
has relied heavily on China’s debt purchases to fund its fiscal and current-account deficits. In Asia, some economists even say Washington had it coming, suggesting that the switch is subtle retaliation for current U.S. trade pressures on Beijing.”
http://www.prudentbear.com/creditbubblebulletin.asp
Emerald.
PS: Sollte G.W. Bush selbst 300% Schutz-Zoll auf chin. Panty's erheben,
könnte bei ihm schnell alles in die Hose gehen! Mr.President Sie sind
so oder so ungeschützt.

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