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U.S. debt considered risky by Chinese economists

Martha R Gore's photo
Watchdog Politics Examiner
As Treasury Secretary Timothy Geithner visited China to calm their nerves about the huge debt being incurred by the United States, a survey of Chinese economists published on Sunday called its holdings of U.S. bonds as "risky."
 
                                                                                                                                                                                                                  Timothy Geithner

According to ChinaGate, among the 23 experts in the survey, 17 said they believe U.S. equities post great risks to China's economy. The purpose of Geithner's trip is to try to convince the U.S.'s biggest creditor that its huge holding of bonds is safe.

 
                                                                           
Meanwhile Chinese experts are expressing concern over the risk, saying that
 

...the United States may export its deepening crisis to China by printing U.S. dollars uncontrollably.

 
 
Five of the 23 economists disagree, saying that they don't believe that U.S. equities post great risks to China's economy. However, other experts feel that the holding of U.S. debt can be very dangerous as

 the Americans are not going to reduce the speed of printing dollars.

Meanwhile, the economists are advising China to expand its investments on tangible and strategic materials such as grain, energy and mineral resources (as it is already doing all over the world.) It is being recommended that China use neighboring countries in Asia as its new investment destination.

 
 
                                                                    

To read more articles about U.S. foreign debt, go to:

http://en.chinagate.cn/economics/trade/2009-05/31/content_17860652.htm

http://watchingusdollar.blogspot.com/2009_07_01_archive.html

http://www.americanthinker.com/2009/07/america_sliding_into_a_pit_of.html

 
http://www.examiner.com/examiner/x-2547-Watchdog-Politics-Examiner~y2009m7d19-Americas-powers-shrink-as-China-expands-its-reach

Debt owed by the United States to foreign countries July 2009
http://www.treas.gov/tic/mfh.txt

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, Watchdog Politics Examiner

Martha R. Gore, a freelance writer specializing in national politics, will write about the American political scene in concise, easy to comprehend language. She holds a Master of Library Science Degree and is a member of the Society of Environmental Journalists.

Comments

  • Happy Indep 2 years ago

    I'm sure TurboTax Geithner will make them feel better sooner or later.

  • Michael L. Wagner 2 years ago

    Read:

    + China Special: A new evil in our world / MountEverest.net:

    "Think live lobsters in Chinese restaurant ... Now imagine people in the place of the lobsters."

    "... supported by media, state reports and international human right watch groups: there are 36 death camps in China, where organs are taken while prisoners - many young and healthy people abducted by authorities - are still alive."

    "If you need a heart, a kidney, a brain or a new eye retina - you just contact one of the numerous hospitals advertising transplant services in China. They'll tell you what they have in stock, or direct you to check the supply straight with a court or a prison."

    "There 'beating hearts' are waiting for you, most in their thirties or forties, unaware of their fate."

    + Deep Flaws, and Little Justice, in China's Court System / NY Times:

    "... forced confessions remain endemic ..."

  • ww4cash 2 years ago

    Risky, Ya Think?

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