not even no the question or the answer...
to the China Problems...
and
The EURO problem...
and
all the problems of U.S.
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Made in China?
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Why would China use trade surplus dollars, not from U.S. this time, but from Europe, their largest trading partner, as in exports to, to bail out some/many/most of the weak PIIGS?
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Well, we're glad you asked U.S. that question. Why wouldn't they try to stabilize the wild EURO swings against the US$ and their largest export market? Huge swings in exports to Europe is NOT what the Chinese economy need right now. China last decade loaned U.S. almost US$ 1 Trillion so we could fight two wars without raising taxes, and so we could buy MacMansions. We were their most important customer last decade, Europe is in this one.
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Why did China announce that they would lend to themselves the SAME amount next year as last year? Bcuz, they NEED stable and steady growth to offset any trade losses in either Europe OR with U.S.
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What you should be asking, Colin, is whether China is going to use its trade dollars to help Europe, but not U.S.
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Well, we're glad you asked U.S. that question. Why wouldn't they try to stabilize the wild EURO swings against the US$ and their largest export market? Huge swings in exports to Europe is NOT what the Chinese economy need right now. China last decade loaned U.S. almost US$ 1 Trillion so we could fight two wars without raising taxes, and so we could buy MacMansions. We were their most important customer last decade, Europe is in this one.
-------
Why did China announce that they would lend to themselves the SAME amount next year as last year? Bcuz, they NEED stable and steady growth to offset any trade losses in either Europe OR with U.S.
--------
What you should be asking, Colin, is whether China is going to use its trade dollars to help Europe, but not U.S.
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Can China play Santa for the euro?Is China Claus about to deliver a heart-warming ending to the euro crisis?
http://finance.fortune.cnn.
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