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So China gets little scraps of paper with numbers written on them, and we get iPods and Nikes. I don't think it's quite as obvious who's winning and who's losi
by JackFr 13y ago
So China gets little scraps of paper with numbers written on them, and we get iPods and Nikes. I don't think it's quite as obvious who's winning and who's losing...
I seem to have heard this exact same thing 25 years ago with Japan (that is @camus2's comment, not the FA). At least when Japan was our counterparty they bought real estate and companies and were not so foolish as to buy Treasury bonds.
- saryant 13y agoWRT to Japan holding US debt, I'm not sure that's correct. http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt http://www.treasury.gov/resource-center/data-chart-center/ti...
- JackFr 13y agoI can't find any statistics -- my impression was that the US capital account surplus with Japan was more diversified than that with China (though Japan would still hold a substantial chunk in US treasuries.) As I can't find any stats to back that up, I guess I'll leave it as my possibly untrue impression...