|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
. |
China Backing Away From U.S. Treasury Investments June 17. 2009
President Barack Obama The Chinese government is backing away from U.S. investments, over fears the economy is getting worse, endangering the already $1 trillion the communist nation is currently owed. The way out of this crisis is not complex. Cut
wasteful government spending, put the brakes on massive
government borrowing, greatly reduce the number of troops in the
Middle East, implement a slight tax increase on America's
wealthiest citizens, clean up corporate America, tighten
corporate legislation and h Dollar drops on reserve currency doubts Jun 17 06:30 AM US/Eastern - The dollar fell against the euro ... China sells US bonds to 'show concern.' A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday. The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction. "China is implying to the US, more or less, that it should adopt a more pragmatic and responsible attitude to maintain the stability of the dollar," He Maochun, a political scientist at Tsinghua University, told the Global Times. According to US Treasury data issued Monday, Beijing owned 763.5 billion dollars in US securities in April, down from 767.9 billion dollars in March. It was the first month since June 2008 that Beijing failed to purchase more US T-bills... Congressman Meets With Chinese Over Dollar Fears The dollar fell against the euro and yen on Wednesday after major emerging economies cast doubt on its long-term future as the world's main reserve currency, dealers said. In late morning trading in London, the European single currency climbed to 1.3867 dollars from 1.3838 dollars in New York late on Tuesday. Against the Japanese currency, the dollar slipped to 96.30 yen from 96.42 yen on Tuesday. Leaders of the so-called BRIC nations -- Brazil, Russia, India and China -- had on Monday called for a "more diversified" currency system... Beijing orders 'Buy China' for stimulus projects Beijing says stimulus projects to use Chinese goods; move could strain trade ties On Wednesday June 17, 2009, 7:24 am EDT- BEIJING (AP) -- China has imposed a requirement for its stimulus projects to use domestically made goods -- a move that could strain ties with trading partners after Beijing criticized Washington's "Buy American" stimulus provisions. Projects must obtain official permission to use imported goods, said an order issued by China's main planning agency and eight other government bodies. Even before the order, business groups worried that foreign companies might be excluded from construction and other projects financed by Beijing's 4 trillion yuan ($586 billion) stimulus. Foreign makers of wind turbines complain they have been shut out of bidding on a $5 billion stimulus-financed power project. |
.
|
|
© Copyright 2007 - 2014 Aisha. All Rights Reserved. Web site design by Aisha for Sonustar Interactive Aisha | Aisha Blog | Aisha Blog Archive | Goodison Trust | Sonustar | Sonustar News | Judiciary Report | Sound Off Column | Celluloid Film Review | Consumer News Reviews | Compendius | United Peace Initiative | Justice And Truth |
