China Rise

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Get It Straight: We Own China

Posted by admin
January 22, 2011

My last article about the threat of China being overblown seems to have left out an important issue: debt. China owes about $1 trillion in US-issued debt. Scary, right? It should be scary . . . to China. Consider the following scenarios:
Scenario One: your business owes a bank a million dollars and […]