Quote from: "cc li tarte"http://www.foxbusiness.com/economy-policy/2014/01/16/china-now-owns-record-1317t-us-government-debt/">China Now Owns a Record $1.317T of U.S. Government Debt



China stepped up its purchases of U.S. government debt late last year, increasing its holdings of Treasurys to an all-time record of $1.317 trillion in November, government data released this week revealed.



The statistics underscore how reliant the U.S. and Chinese economies are on one another even as political tensions occasionally emerge.



According to figures inadvertently released Wednesday evening on the U.S. Treasury Department website, China's holdings of Treasurys increased by 0.9% in November to $1.317 trillion, up from $1.305 trillion in October. Year-over-year, China's holdings rose 11.3% from $1.183 trillion.



The $1.317 trillion figure exceeds China's previous record high in July 2011 of $1.315 trillion, according to the government data.



China's appetite for government debt has been driven by its huge amount of foreign-exchange reserves, which surged to a record of $3.82 trillion at the end of 2013. The demand for Treasurys does not appear to have been seriously eroded by concerns about the U.S. fiscal situation.

Quote from: "cc li tarte"http://www.foxbusiness.com/economy-policy/2014/01/16/china-now-owns-record-1317t-us-government-debt/">China Now Owns a Record $1.317T of U.S. Government Debt



China stepped up its purchases of U.S. government debt late last year, increasing its holdings of Treasurys to an all-time record of $1.317 trillion in November, government data released this week revealed.



The statistics underscore how reliant the U.S. and Chinese economies are on one another even as political tensions occasionally emerge.



According to figures inadvertently released Wednesday evening on the U.S. Treasury Department website, China's holdings of Treasurys increased by 0.9% in November to $1.317 trillion, up from $1.305 trillion in October. Year-over-year, China's holdings rose 11.3% from $1.183 trillion.



The $1.317 trillion figure exceeds China's previous record high in July 2011 of $1.315 trillion, according to the government data.



China's appetite for government debt has been driven by its huge amount of foreign-exchange reserves, which surged to a record of $3.82 trillion at the end of 2013. The demand for Treasurys does not appear to have been seriously eroded by concerns about the U.S. fiscal situation.

Quote from: "cc li tarte"It does



They can't

Quote from: "Fashionista"

Quote from: "cc li tarte"http://www.foxbusiness.com/economy-policy/2014/01/16/china-now-owns-record-1317t-us-government-debt/">China Now Owns a Record $1.317T of U.S. Government Debt



China stepped up its purchases of U.S. government debt late last year, increasing its holdings of Treasurys to an all-time record of $1.317 trillion in November, government data released this week revealed.



The statistics underscore how reliant the U.S. and Chinese economies are on one another even as political tensions occasionally emerge.



According to figures inadvertently released Wednesday evening on the U.S. Treasury Department website, China's holdings of Treasurys increased by 0.9% in November to $1.317 trillion, up from $1.305 trillion in October. Year-over-year, China's holdings rose 11.3% from $1.183 trillion.



The $1.317 trillion figure exceeds China's previous record high in July 2011 of $1.315 trillion, according to the government data.



China's appetite for government debt has been driven by its huge amount of foreign-exchange reserves, which surged to a record of $3.82 trillion at the end of 2013. The demand for Treasurys does not appear to have been seriously eroded by concerns about the U.S. fiscal situation.

Ms. cc li tarte, I am not very knowledgeable about these things, but I can't help but think this presents a problem for the United States..



How can they admonish China's human rights or environmental record when they are so dependent on China loaning them money?

Quote from: "Renee"
Because we have no intention of paying it back.

Quote from: "Shen Li"

Quote from: "Renee"
Because we have no intention of paying it back.

If the US was a person, I wouldn't loan them anything more than change for a coffee. Deadbeat nation!

Quote from: "Renee"

Quote from: "Shen Li"

Quote from: "Renee"
Because we have no intention of paying it back.

If the US was a person, I wouldn't loan them anything more than change for a coffee. Deadbeat nation!

Yeah okay Shen, just like the billions we forgave under the Marshall Plan.  

Quote from: "Fashionista"

Quote from: "cc li tarte"It does



They can't

What an achievement for China, making the United States as compliant as every other country..



The Taiwan Relations Act means nothing now.

Quote from: "Shen Li"

Quote from: "Renee"

Quote from: "Shen Li"
If the US was a person, I wouldn't loan them anything more than change for a coffee. Deadbeat nation!

Yeah okay Shen, just like the billions we forgave under the Marshall Plan.  

It's nothing personal Renee and by the way, we both know the only reason the US did that was because of a) the cold war and b) they were about 50% of the world's GDP after WW2. Situation is not exactly the same anymore.

Quote from: "Renee"

Quote from: "Shen Li"

Quote from: "Renee"


Yeah okay Shen, just like the billions we forgave under the Marshall Plan.  

It's nothing personal Renee and by the way, we both know the only reason the US did that was because of a) the cold war and b) they were about 50% of the world's GDP after WW2. Situation is not exactly the same anymore.

Yes the situation is not the same.



But let's face it, why do you think the Chinese are buying our debit? Because it stabilizes the US economy and the Chinese need a stable US economy. They also need the US economy to grow. If US economy grows (like it is supposed to, not as it has under Odumbo) their assets appreciate and they get their return on investment.



Don't worry the Chinese will get their money and hopefully the US will profit from it as well. At least that's how it is supposed to work.

Quote from: "Shen Li"

Quote from: "Fashionista"

Quote from: "cc li tarte"It does



They can't

What an achievement for China, making the United States as compliant as every other country..



The Taiwan Relations Act means nothing now.

If by some chance the DPP gets control of the "presidency"  of the CHINESE island of Taiwan and the Pescadores in 2016, Beijing will enlist Washington's aid in reigning in their splittist rhetoric. Washington knows who butters their bread. This is just reality Fash. The chances of Taiwan ever making formalizing their de facto independence nowadays and getting recognized by the international community are virtually nil.