Clearly you don't know much about the Vietnam war then. Chinese soldiers were fighting alongside North Vietnamese soldiers against American forces in the Vietnam war... and America lost... like it always does.
America should go there to relive their past defeats at the hands of a small weak country.
Why don't you try arguing with President Obama? Clearly he understands the importance of China since we are the largest holders of US debt and we have the worlds largest currency reserves of US dollars.
Oh but you are smarter than the American President right?
Go back to India and try to restart another 1962 war, see how it goes with China+Pakistan beating down India without even the slightest bit of effort... Also hope that the USA does not help Pakistan against India AGAIN like it did in the 1970's. Such unreliable friends, lol.
China holds about 10 percent of US debt. AND buying more
NEW YORK (CNNMoney.com) -- China added to its big position in U.S. debt during the month of April, according to the latest figures from the Treasury Department.
So did Japan. And the U.K. And the big bloc of oil exporting nations that includes Venezuela, Iraq, Iran and Saudi Arabia. All told, foreigners increased their net holdings in Treasury bonds and notes by more than $76 billion.
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diggEmail Print CommentWhat did you expect them to buy? Euros?
The fiscal crisis that's gripping Europe has clearly led China and many other large foreign central banks and private investors to the realization that no matter how troubled the U.S. economy remains, the dollar and Treasurys still appear to be a safer bet than the euro.
China increased its holdings by $5 billion in April to just over $900 billion. This was the second consecutive increase after four months in which China, the largest foreign owner of U.S. debt, pulled back on Treasurys. It's also the first time that China's holdings exceeded $900 billion since November of last year.
"China has a whole new attitude on the U.S. They don't mind holding dollars and Treasurys now," said Robert Smith, chairman with Smith Affiliated Capital, a money management firm in New York.
These numbers are admittedly old but it's the most up-to-date figures we have from Treasury. Presumably, when the May holdings data is reported in the middle of next month, it will show that China and other nations continued to buy more Treasurys since that's when euro fears really came to a head.
"The flight to quality we saw started in April. But concerns about Greece and Europe more broadly hit a peak in May so foreigners likely bought more Treasurys last month," Nancy Vanden Houten, a senior analyst at Stone & McCarthy Research Associates, a Princeton, N.J.-based fixed income and economic research firm.
