Foundation for Economic Education
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Chinese Ask for Reassurance on U.S. Debt
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“The Chinese premier Wen Jiabao expressed concern on Friday about the safety of China’s $1 trillion investment in American government debt, the world’s largest such holding, and urged the Obama administration to provide assurances that its investment would keep its value in the face of a global financial crisis.” (New York Times [1], Friday)
Just a small fly in the ointment.
FEE Timely Classic
“A $5 Trillion National Debt” [2] by Hans F. Sennholz
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/chinese-reassurance-debt/
URLs in this post:
[1] New York Times: http://www.nytimes.com/2009/03/14/business/worldbusiness/14china.html?_r=1&hp
[2] “A $5 Trillion National Debt”: http://www.thefreemanonline.org/columns/a-5-trillion-national-debt/
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