Does this mean China will start dumping US T-bills? I don't think so because the Euro is not in good shape either. They announced in 2008 (?) their long term plan of moving to a basket of currencies. China also knows that without US consumers their economic growth will stall. Neither side can afford to piss off the other *too* much :)
Does this mean China will start dumping US T-bills? I don't think so because the Euro is not in good shape either. They announced in 2008 (?) their long term plan of moving to a basket of currencies. China also knows that without US consumers their economic growth will stall. Neither side can afford to piss off the other *too* much :)
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