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“87 Percent of [Chinese] Respondents Believe China’s Dollar-Assets are Unsafe”

Posted By admin On June 9, 2009 @ 3:53 am In Money Watch | Comments Disabled

Washington’s Blog [1]
Tuesday, June 9, 2009

Remember how the Chinese laughed at Geithner when he said their American investments were safe?

The laughter was not just the opinion of those sitting in the audience listening to Geithner’s speech.

One of China’s official newspapers, The Global Times, reports [2] that an online poll of Chinese citizens found that 87 percent of respondents believe China’s dollar-assets are unsafe.

The paper concluded, “Ordinary Chinese people are discontent with the declining value of China’s huge foreign exchange reserves denominated in U.S. dollars.”

87 Percent of [Chinese] Respondents Believe China’s Dollar Assets are Unsafe  290509banner [3]


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URLs in this post:

[1] Washington’s Blog: http://www.georgewashington2.blogspot.com/2009/06/87-percent-of-chinese-respondents.html

[2] reports: http://www.dailymarkets.com/economy/2009/06/05/geithner-goes-begging-in-china-what-it-means-to-you/

[3] Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5

[4] Geithner tells China its dollar assets are safe: http://www.prisonplanet.com/geithner-tells-china-its-dollar-assets-are-safe.html

[5] China Finally Diversifying Out of the Dollar?: http://www.prisonplanet.com/china-finally-diversifying-out-of-the-dollar.html

[6] Jim Rogers using rally to exit dollar assets: http://www.prisonplanet.com/jim-rogers-using-rally-to-exit-dollar-assets.html

[7] Dollar Index at 1-Month Low as China Warns on US Assets: http://www.prisonplanet.com/dollar-index-at-1-month-low-as-china-warns-on-us-assets.html

[8] China Should Buy Gold to Hedge Dollar Fall: Researcher: http://www.prisonplanet.com/china-should-buy-gold-to-hedge-dollar-fall-researcher.html

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