China and the United States reached consensus in economic and financial areas during the visit by US Treasury Secretary Janet Yellen, and Beijing is willing to work with Washington to turn the consensus into practical outcomes, thereby improving bilateral economic ties, a senior Chinese official said...
No one shares responsibility for the views expressed here, but the broader economic picture draws on joint work with James Kwak, particularlySimon Johnson
How China could use its massive US debt holdings as a trade war weapon China imports a smaller amount of goods from the U.S. compared to what it exports, so the Asian country has limited products on which it can slap additional tariffs. Some experts have suggested that China could dump ...
"China's Belt and Road Initiative will not be described as a 'debt trap' or a 'geopolitical scheme' as some people did and are still doing. Rather, it is a useful platform of cooperation for countries to promote connectivity and develop together," he added. ...
Platform:Zoom Speaker:Zhiwei Xu (HSBC Business School, Peking University) Link: https://us06web.zoom.us/j/81626164288?pwd=Zmp1VG41dXF0by9UZTBRVkxSbjJWZz09 Meeting ID:816 2616 4288 Passcode:inse Abstract: China launched a t...
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China's premier expressed concern Friday about its massive holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value, and said Beijing is ready to expand its stimulus if the economy worsens. Premier Wen Jiabao noted that Beijing is the biggest foreign creditor...
They also agreed to maintain communication on issues such as addressing the debt issues of developing countries and reforms of international financial institutions under multilateral channels such as the G20, in order to jointly deal with global challenges. This comes as the global economy is experien...
The concept of foreign debt carries a negative connotation, however, especially when it concerns large amounts owed to nations embroiled in controversy. The huge amount of debt that the U.S. government owes Chinese lenders has been the subject of countless debates, headline news stories, and pol...
Hence, as long as China continues to have an export-driven economy with a huge trade surplus with the U.S., it will keep piling up U.S. dollars and U.S. debt. Chinese loans to the U.S., through the purchase of U.S. debt, enable the U.S. to buy Chinese products. It’s a ...