China’s Foreign Assets
June 17, 2009
Many fear that China will not be willing to continue financing the growing deficits of rich countries, particularly that of the U.S. Throughout the crisis, China has continued to buy dollar assets, although its total reserves have leveled. China will have to choose between controlling its exchange rate or controlling its dollar purchases.
Mallaby: Beijing’s Would-Be Houdinis
Setser, Pandey: China’s $1.5 Trillion Bet
BBC: China’s Foreign Assets Up Sharply
U.S. Treasury: April TIC Data
Post a Comment
CFR seeks to foster civil and informed discussion of foreign policy issues. Opinions expressed on CFR blogs are solely those of the author or commenter, not of CFR, which takes no institutional positions. All comments must abide by CFR's guidelines and will be moderated prior to posting.