China’s number two United States creditor, Japan become number one

17th February, 2010

The U.S. Treasury Department web site on the 16th to the latest data show that in December 2009 Chinese holdings of U.S. Treasury holdings, from the previous month to 789.6 billion U.S. dollars to reduce 755.4 billion U.S. dollars. Japanese holdings of 11.5 billion U.S. dollars U.S. Treasury bonds, more than China to become a country with » Read More

Goldman Sachs Chief Economist: China may soon allow the yuan to appreciate

16th February, 2010

According to the U.S. mainstream media Sunday (February 14) reported that Goldman Sachs Group (Goldman Sachs Group Inc., GS) chief economist Jim O’Neill said he believes that China will revalue its currency. Since the outbreak of the global financial crisis, China’s revaluation of the RMB exchange rate after the slow pace of stagnation in the global » Read More