China to USA: You will lose a trade war (Thank you Obama for borrowing from China)

Posted by admin
September 15, 2010

A State Council think-tank in China has warned Washington that the US will come off worst in a trade war if it imposes sanctions against Beijing over the two nations’ currency spat.

 

yuan; Chinese think tanks warns US it will emerge as loser in trade war

The US is considering legislation to punish Beijing for holding down the yuan Photo: AFP

Ding Yifan, a policy guru at the Development Research Centre, said China could respond by selling holdings of US debt, estimated at over $1.5 trillion (£963bn). This would trigger a rise in US interest rates. His comments at a forum in Beijing follow a string of remarks by Chinese officials questioning US credit-worthiness and the reliability of the dollar.

Read the whole story at Telegraph.co.uk

National Security, Wake up America, What Change

If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments

No comments yet.

Leave a comment

(required)

(required)