“It is not fair that we are doing this in good faith and are prepared to bear serious consequences and you are still labeling China this and that, accusing China of this and that”
More hints that economic support for ailing US economy comes with a political price – otherwise there might be “panic selling”.
By Kevin Hamlin
Sept. 25 (Bloomberg) — Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.
“We are in the same boat, we must cooperate, Yu said in an interview in Beijing on Sept. 23.“If there’s no selling in a panicked way, then China willingly can continue to provide our financial support by continuing to hold U.S. assets.
In These New Times 