China sells US bonds to ’show concern’

AFP
Wednesday, June 17, 2009

A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.

The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction. 

“China is implying to the US, more or less, that it should adopt a more pragmatic and responsible attitude to maintain the stability of the dollar,” He Maochun, a political scientist at Tsinghua University, told the Global Times.

(ARTICLE CONTINUES BELOW)

According to US Treasury data issued Monday, Beijing owned 763.5 billion dollars in US securities in April, down from 767.9 billion dollars in March.

It was the first month since June 2008 that Beijing failed to purchase more US T-bills.

Zhang Bin, a researcher at the Chinese Academy of Social Sciences, said China’s move showed a more cautious attitude.

Full story here.

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8 Responses to “China sells US bonds to ’show concern’”

1. mikew Says:
   June 17th, 2009 at 8:06 am

   Why do I feel the Chinese are more concerned about the dollar and our economy than do the leaders of our nation?

   

   Artyom Reply:
   June 17th, 2009 at 10:33 am

   I think that has to do with their fiscal responsibility which allowed them to grow to what they are now. That and the economies have been inextricably linked together over the past decade or so.

   

   LRRP 1968 Reply:
   June 17th, 2009 at 12:48 pm

   There is an old saying: “If you owe the bank $10,000 and can’t pay you’re in trouble. If you owe the bank $10million and can’t pay the bank is in trouble.”

   China is the bank, the US government can’t pay. Who is more trouble?

2. chevs911truth Says:
   June 17th, 2009 at 11:28 am

   http://beyondbelief.weebly.com/

3. Lucas Says:
   June 17th, 2009 at 11:54 am

   Hey, I was just looking up stuff about China and there exit strategy for the dollar. Look up “China hoarding…” apparently China has been hoarding Gold, Oil, Copper and other precious metals. This is to hedge against loses suffered by a certain foreign reserve currency. Its just a matter of time.

4. A.J. Vdz Says:
   June 17th, 2009 at 12:12 pm

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5. Joe in JT Says:
   June 17th, 2009 at 5:10 pm

   Of all the articles I’ve read on this site and others like it, I’ve notice one thing to be absolutely true. When China (and other countries) sells the US Treasury Bonds, America is “up shits creek”. Talk about an endgame.

6. Jim Lunsford Says:
   June 18th, 2009 at 7:54 am

   And it’s awesome! It is a very small sell-off, but since this is the first time in a year they haven’t increased their holdings, it is a step in the right direction. We will not have change in this country until we have a full blown depression. It may not end up as the change we want, but if we remain vigilant, and keep putting out the news to our friends, and all that we can, it could be the change we want for our children. Our life-time isn’t going to be very nice, but that’s fine with me, personally. I’ve never had a period in my life that wasn’t racked by intrigue, violence, war, or something dramatic. I thrive on such events, but if we are successful, our lives will have a positive impact on future generations in regards to their liberties, their freedoms, their outlook on how to look at government. The possibility for a true government of the people will only come after we are all screwed. This could be an incredibly wonderful step in that direction.