Many investors are aware that China is the largest holder of USA debt in the form of U.S. Treasuries, therefore when Chinese officials raise their concerns, with regards to the current impasse, investors, analysts and traders should sit up and take notice. As the biggest single holder of US debt, China would be at the front line to suffer if Treasury prices fell and would be hit hardest if the USA were to enter into a technical default on October 17th. Vice finance minister Zhu Guangyao told reporters in Beijing on Monday that America needs to take decisive steps in order to prevent hitting its debt limit in a fortnight’s time, October 17th. blog.fxcc/chinese-officials-wade-into-the-congress-impasse-warning-us-over-debt-ceiling-as-deadlock-hits-markets
Posted on: Tue, 08 Oct 2013 06:10:10 +0000
Trending Topics
Recently Viewed Topics
© 2015