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China putting pressure on US to make good its toxic debt
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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.
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The Global Financial Crisis »
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
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Potential consequences of the financial crisis? »
Potential consequences of the financial crisis?
Potential consequences of the financial crisis?☜What are the potential consequences of the financial crisis?☜FFB597
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Geo-political instability »
Geo-political instability
Geo-political instability☜The financial crisis will exacerbate existing geo-political instability.☜59C6EF
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China putting pressure on US to make good its toxic debt
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.☜9FDEF6
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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
70% of China's foreign assets in form of loans to US☜70 per cent of Chinas foreign assets are held in the form of loans to the US Government and its agencies.☜9FDEF6
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China holding $US 2 trillion in foreign exchange reserves »
China holding $US 2 trillion in foreign exchange reserves
China holding $US 2 trillion in foreign exchange reserves☜China has accumulated more than $US2 trillion in foreign exchange reserves.☜9FDEF6
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US debt to China equivalent to 40% of Chinese GDP »
US debt to China equivalent to 40% of Chinese GDP
US debt to China equivalent to 40% of Chinese GDP☜US debt to Chinese government is equivalent to around 10% of Americas GDP and 40% of Chinas GDP.☜9FDEF6
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Citerend uit:
John Garnaut
Geciteerd door:
David Price
9:36 PM 12 October 2008 GMT
Citerank:
(2)
7171
China bought around $600bn of the agency bonds issued
Freddie Mac and Fannie Mae own or guarantee almost half of all American mortgages, which were financed via $5 trillion in "agency" bonds—of which $1 trillion were taken up by foreign governments, with China taking around $600bn.
10
9FDEF6
,
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Foreign governments fled US agency bonds
Foreign governments, whose purchases of Freddie Mac and Fannie Mae agency bonds had helped to sustain the house price bubble in the US, began flee over the summer from the agency bonds to the US Treasury bonds guaranteed by the US government.
9
59C6EF
URL:
http://business.smh.com.au/business/end
Fragment-
-of-americas-era--now-it-is-china-that-calls-the-tune-20081012-4z57.html
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Gemaakt door:
David Price
NodeID:
#7164
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Gemaakt op (GMT):
10/12/2008 9:15:00 PM
Laatste bewerking (GMT):
10/12/2008 9:15:00 PM
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