Tuesday May 05, 2009
China cancels America's credit card
Press TV
China, wary of the troubled US economy, has 'canceled America's credit card' by cutting down purchases of debt, a US congressman says.
China has the world's largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country.
read full story
Posted in: by bubblejam at 06:58 PM | Comments (0) | Email This Entry