China putting pressure on US to make good its toxic debt
China threatening to withdraw its US loans and move out of the US dollar unless the US makes good on the toxic debt US institutions sold to China.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
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Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
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Geo-political instability »Geo-political instability
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China putting pressure on US to make good its toxic debt
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70% of China's foreign assets in form of loans to US »70% of China's foreign assets in form of loans to US
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China holding $US 2 trillion in foreign exchange reserves »China holding $US 2 trillion in foreign exchange reserves
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US debt to China equivalent to 40% of Chinese GDP »US debt to China equivalent to 40% of Chinese GDP
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