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Divergence and Convergence

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Thursday, January 8, 2009

Begging for Dollars- 乞求美元

U.S. debt is losing its appeal in China

China has bought more than $1 trillion in American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at home - a shift that could pose some challenges to the U.S. government in the near future but eventually may even produce salutary effects on the world economy.

The largest capitalist nation asked the largest communist nation for dollars??
Posted by Clear Mind Politics at 1/08/2009 07:33:00 AM
Labels: Economy, International

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