Monday, October 14, 2013

China Calls For De-Americanized World

China holds over $1 trillion in US debt.  It stands to lose a lot of its value if the US defaults.  The two countries are tightly linked and Chinese leaders are concerned about the political dysfunction in the US.  It may be too risky to use the dollar as the world's reserve currency if politics in the US prevent the government from functioning, according to this government publication

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