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The Forum > Article Comments > China tries to wriggle out of the US dollar trap > Comments

China tries to wriggle out of the US dollar trap : Comments

By Wenran Jiang, published 18/5/2009

By diversifying into resources and using financial instruments, China attempts to reduce its US dollar exposure.

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The amount of money in the US economy has doubled in the last 8 months.Eventually the US $ will halve in value.The US owes China $1 trillion[one million X million] due to the trade imbalance.This represents $434.00 for every person in China.This is a lot of money for a poor nation.

You don't solve a debt problem by creating more debt and thus inflation.
Posted by Arjay, Tuesday, 19 May 2009 6:09:45 AM
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I'm with Yabby, don't trust them or we will all be working for Chinese masters before the end of the next decade.

David
Posted by VK3AUU, Tuesday, 19 May 2009 8:26:31 AM
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Pericles
As far as I am aware "perfidious albion" while originally applied to the British is now commonly stated as just "untrustworthy white man".
At least that is how I have seen it used.
Posted by mikk, Tuesday, 19 May 2009 11:41:34 AM
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