looking beyond borders

foreign policy and global economy

Archive for the tag “U.S. treasuries”

China Has Lots of Treasuries, Not Much Leverage

During the last U.S. presidential election, an editorial in a Chinese state-run newspaper declared that if Washington insisted on flouting Chinese interests (by selling arms to Taiwan, for example), Beijing should “use its financial weapon to teach the U.S. a lesson.” Three years later, America owes even more to China than the $1.16 trillion it owed then. But the increase in debt holdings hasn’t translated to an increase in leverage; quite the opposite, writes William Pesak.

Read Here – BloombergView

Don’t Push Your Banker

Why would China fear a nation it could traumatize tomorrow by dumping its debt or shifting its iron ore, coal and copper orders elsewhere? That’s a good question for the United States to ask itself.

Read Here – Bloomberg

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