Arab Today, arab today china concerned about us debt holdings
Last Updated : GMT 15:16:52
Arab Today, arab today
Arab Today, arab today

China concerned about U.S. debt holdings

Arab Today, arab today

Arab Today, arab today China concerned about U.S. debt holdings

Beijing - UPI

China, the largest foreign holder of U.S. debt, will be relieved by the agreement in Washington to raise the debt ceiling, but concerns remain, analysts said. \"The agreement is likely to avert default by Washington and it certainly is a relief for China,\" Chen Daofu at China\'s State Council\'s Development Research Center, told China Daily. China has not officially responded to the latest development in Washington but analysts say it is likely to view the deficit reduction bill as a positive in restoring investor confidence in the U.S. dollar and the U.S. bond market, the report said. The Chinese have been concerned about the impact of a weakening dollar on its mountainous foreign exchange reserves, much of it in U.S. dollars. At the end of June, China\'s foreign exchange reserves holdings soared 30.3 percent year-on-year to $3.2 trillion. China increased its holdings of U.S. Treasury bonds by $7.3 billion to $1.16 trillion in May. Other economists said the question still remained whether the latest move in Washington would help in stopping a downgrade of U.S. credit rating if long-term and balanced solutions to address its debt problem are not found. Yu Yongding, a former adviser to the People\'s Bank of China, has repeatedly called on the government to reduce the holdings of U.S. Treasury bonds as the dollar likely would continue to weaken, China Daily said. However, the report said, other analysts warn a large sell-off of U.S. bonds would be financial suicide for China as it would drive down the value of its own holdings. Investment bank China International Capital Corp. warned Monday the U.S. economy remains a cause for concern, as the debt crisis may have a negative impact on spending that may drag down the U.S. economy for the rest of the year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china concerned about us debt holdings Arab Today, arab today china concerned about us debt holdings

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday