bladerunner
Banned Idiot
Yes, but no matther how they go about it they will still be accused of doing it, much like the currency manipulation controversy.
US Financial Crisis/Bailout, China's Role
- Thread starter FugitiveVisions
- Start date
Yes, but no matther how they go about it they will still be accused of doing it, much like the currency manipulation controversy.
you know that its likely that the message has already been passed down to the local authorities by now. i've seen Renmin daily newspaper and Xinhua news agency talking about buy China stuff. in China that is equivalent to the Chinese government speaking. the initial proposal of "buy Chinese" was also made by the state department. depending on how well this stuff is executed at the local level the central government may have otherr moves but they dotn have to pass a law in the congress like the US. at the same time the central government included BMW and Benz in its list of purchases, so you see Beijing trying to balance things out. however bureaucracy is never easy to control. we'll still have to see how things unfold.
China sells US bonds to 'show concern'
1 day ago
BEIJING (AFP) — A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.
The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction.
"China is implying to the US, more or less, that it should adopt a more pragmatic and responsible attitude to maintain the stability of the dollar," He Maochun, a political scientist at Tsinghua University, told the Global Times.
According to US Treasury data issued Monday, Beijing owned 763.5 billion dollars in US securities in April, down from 767.9 billion dollars in March.
It was the first month since June 2008 that Beijing failed to purchase more US T-bills.
Zhang Bin, a researcher at the Chinese Academy of Social Sciences, said China's move showed a more cautious attitude.
"It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward US Treasury bonds," Zhang told Xinhua news agency.
China's foreign ministry said Tuesday that its purchases of US Treasuries remained based on "security, liquidity and value preservation".
For Zhao Xijun, deputy director of the Finance and Securities Research Institute of People's University, China may have reduced its holding of US Treasuries simply because it needed the money.
Zhao said the sell-off could have been in order to pay for its own economic stimulus package.
"The reduction was a result of composite factors, such as the investment need and the market change," Zhao told Global Times.
1 day ago
BEIJING (AFP) — A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.
The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction.
"China is implying to the US, more or less, that it should adopt a more pragmatic and responsible attitude to maintain the stability of the dollar," He Maochun, a political scientist at Tsinghua University, told the Global Times.
According to US Treasury data issued Monday, Beijing owned 763.5 billion dollars in US securities in April, down from 767.9 billion dollars in March.
It was the first month since June 2008 that Beijing failed to purchase more US T-bills.
Zhang Bin, a researcher at the Chinese Academy of Social Sciences, said China's move showed a more cautious attitude.
"It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward US Treasury bonds," Zhang told Xinhua news agency.
China's foreign ministry said Tuesday that its purchases of US Treasuries remained based on "security, liquidity and value preservation".
For Zhao Xijun, deputy director of the Finance and Securities Research Institute of People's University, China may have reduced its holding of US Treasuries simply because it needed the money.
Zhao said the sell-off could have been in order to pay for its own economic stimulus package.
"The reduction was a result of composite factors, such as the investment need and the market change," Zhao told Global Times.
bladerunner
Banned Idiot
Indeed not so long ago some over zealous local bureaucrats said employees could only smoke local brand cigarettes and even went so far as employing people to check the cigarette butts, what a misdirection of time and money.:nono:
which is why i say bureaucracy is never easy to control. those ppl are not stupid, its the notion of "where you sit is where you stand" that motivates them to do things that dont seem to be very smart in the broader aspect of things.