Saturday, January 2, 2010

Washington Post, January 2, 2010 Headline A1,A10

Chinese banks find their credit in high demand: Void left by US,Europe: China diversifies beyond US Treasurys:(Much of China's 2.3 trillion in foreign reserves remain invested in US Treasurys)

Photo of Zhou with Chinese characters as background:the governor of the People's Bank of China, which has reported that new lending by Chinese banks injected $1.3 trillion into the world economy over the first 9 months of 2009.

Here we can easily understand Sino-American economics.

Francis Shieh aka Xie Shihao, an observer of events as being unfolded in the media about global economy. Saturday, January 2, 2010 at 8.46 a.m.

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