These two news stories demonstrate just how serious China is about trying to break USD hegemony. It looks like the Fed will be forced into more QE because China will be buying less and less U.S. Treasurys.
Japan debt is safer than U.S. debt - China economist
China has been buying record amounts of Japanese government debt because it is less risky than U.S. debt, at least in the short term, a Chinese government economist said on Wednesday.
China’s Wen Says to Enhance Confidence in Euro, Daily Reports
Chinese Premier Wen Jiabao said China and western countries should work together to enhance the world’s confidence in the euro and the European Union’s economy, the People’s Daily reported.
No comments:
Post a Comment