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How does it work when China has bought a ton of US Debt in the past? (Though they apparently sold a bunch last year) [1] 1: http://www.bloomberg.com/news/artic
by cordite 11y ago
How does it work when China has bought a ton of US Debt in the past? (Though they apparently sold a bunch last year) [1]
1: http://www.bloomberg.com/news/articles/2015-10-18/china-s-selling-tons-of-u-s-debt-americans-couldn-t-care-less- http://www.bloomberg.com/news/articles/2015-10-18/china-s-se...
- static_noise 11y agoThat probably means that China has no problems paying back debt denominated in US$. I don't know about the dynamics of this selloff. It's very hard to argue without seeing the whole picture but it indicates that _something_ is going on.
- ktRolster 11y agoThey've been selling US debt to keep the Yuan strong (ie, sell it in exchange for Yuan, and then 'remove' the Yuan from circulation)