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. […]

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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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