OT Chinese imports and US Treasury Bonds

[Phillip Ford]

>Horace Greeley writes:
>
>P.S. ...China holds ~ $1 billion (yes), in U.S. Treasury Bonds, not 
>counting stock investments....hg

I think the numbers are much bigger than that.  We're running a huge trade 
deficit with China (to keep this somewhat on topic, some of that is in the 
form of pianos - I believe Pearl River is now one of the largest, if not 
the largest, piano manufacturers in the world).  We're choosing to buy pianos
from China rather than make them here.  They're choosing (perhaps 
fortunately for us), for the moment, to put some of that money they're 
getting from us back into our economy.

http://www.atimes.com/atimes/China/FF22Ad06.html

PF