Because China has a trade deficit, it has to buy treasury bonds, Janet Carmosky explains in the next sequel of “China What?”. Some American politicians want China to stop buying those bonds, but it is not in the interest of the US citizens when China stops doing that, says Carmosky.
Category Archives: US Congress
The GOP primary season has started, so China as a currency manipulater, the trade deficits and the country’s trade practises are back on the agenda, sights business analyst Janet Carmosky in her column in Forbes and tries to explain the Chinese position. It still needs two to tango.
The world’s major stock markets braced for a black Monday, but also China’s financial policy makers have had a sleepless weekend over the US downgrade by S&P, Shaun Rein writes in the CNBC. They get now very vocal on the financial problems of the US.
Shaun Rein by Fantake via Flickr US congress and other political bigwigs might be pushing China to appreciate its currency, but Shaun Rein asked US companies, and they see their…