US bonds

China was caught in a "dollar trap” and has nothing but to further buy US bonds

May 25, 2009 - 7:35am | Markets | News
China was caught in a "dollar trap” and has nothing but to further buy US bonds

According to the latest reports from the Financial Times China's State Administration of Foreign Exchange (Safe), Chinese official foreign exchange manager, is still buying record amounts of U.S. government bonds, in spite of Beijing's increasingly vocal fear of a dollar collapse. The story on the paper’s website cited Chinese and western officials in Beijing as saying China was caught in a "dollar trap."


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