星期一 [ 2010-3-1 9:30:51 | watches1013 ]   China sold $34b of US treasuri BEIJING: China had already begun to punish the United States on the economic front long before US president Barack Obama sat down for a meeting with the Dalai Lama on Thursday. [a Title="rolex fake" href="http://www.mywatchesshop.net]rolex fake[/url] It has sold over $34 billion worth of its holdings of US Treasuries since December and indicated more action is likely to follow on this count. It is not clear if Obama, who refused to meet the Tibetan leader to avoid antagonizing China, has been driven by the Chinese action on US Treasuries to schedule the meeting for Thursday. He also angered Beijing recently when the US administration announced plans to sell $6.4 billion worth of arms to Taiwan. [a Title="Full lace wigs" href="http://www.lacewigshair.com/]Full lace wigs[/url] There was no fresh comment from Chinese officials on the proposal Obama-Dalai Lama meeting until late Thursday night in Beijing. They had earlier warned that such a meeting will seriously harm Sino-US relationship as it amounted to interference in China's internal affairs. China is still left with holdings worth $755 billion of US Treasuries and Washington has reasons to fear a dumping action by Beijing. Such action might causes financial losses for China, but Chinese leaders consider the Dalai Lama issue to be serious enough to warrant strong action. Chinese economists are suggesting that it is a business decision of the government and not a political action against the US. Liu Yuhui, an economist with the Chinese Academy of Social Sciences, has said the decision to cut holdings of US Treasuries was taken in the light of recent European debt concerns that have driven up the US dollar. The foreign exchange market have closely watched Beijing's moves since Chinese premier Wen Jiabao said in March last year he was "worried" about the US Treasury holdings and wanted assurances his country's US investments were safe. Zhou Xiaochuan, governor of the People's Bank of China, even proposed a new [a title="embroidered patches" href="http://www.momols.com/]embroidered patches[/url] global currency to reduce reliance on the US dollar. For Reprint Rights: timescontent.com Other articles: http://www.whmh.net.cn/Blog/View/?828 http://watches2010.blogbus.com/logs/59430463.html 浏览(119) | 回复(0) |
