As The Big "O" plots the bankruptcy of our children and grand children, the Chinese are putting the brakes on the lending to us. Perhaps the communists can save us from our socialist plunge into financial ruin.
China Slows Purchases of U.S. and Other Bonds
Published: April 12, 2009
HONG KONG — Reversing its role as the world’s fastest-growing buyer of United States Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in March, according to data released during the weekend by China’s central bank.
Cutting Back
China’s foreign reserves grew in the first quarter of this year at the slowest pace in nearly eight years, edging up $7.7 billion, compared with a record increase of $153.9 billion in the same quarter last year.
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