Re:The rich get richer and rates get lower
by MR4D on Tuesday August 31, 2021 @10:57AM
(#28368895)
According to the US Treasury, the Chinese are not dumping bonds at all. [0] [1]
Side-note: The Chinese have to own treasuries because the US buys so much stuff from them. If they hurt the US currency relative to their own, then Chinese goods would become more expensive for Americans, and the US would buy less. That would not be good for an economy like China's that has a trade surplus with the US in the range of hundreds of billions of dollars per year. [2]
Side-note: The Chinese have to own treasuries because the US buys so much stuff from them. If they hurt the US currency relative to their own, then Chinese goods would become more expensive for Americans, and the US would buy less. That would not be good for an economy like China's that has a trade surplus with the US in the range of hundreds of billions of dollars per year. [2]
[0] - https://ticdata.treasury.gov/Publish/mfh.txt
[1] - https://www.bloomberg.com/news/articles/2021-04-15/china-s-h...
[2] - https://ustr.gov/countries-regions/china-mongolia-taiwan/peo...