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Don't Panic over China's US Treasuries Sales
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Don't Panic over China's US Treasuries Sales

Philip Bowring's avatar
Philip Bowring
Feb 22, 2010
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Don't Panic over China's US Treasuries Sales
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The news that China sold US$34 billion worth of US treasury securities in December has mostly been greeted with suggestions that China is warning the US of its vulnerability to the ending of China's bond purchases. It has become part of the "China rules the world" mythology and is taken seriously by many Americans.

The latter is perhaps not surprising gi…

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