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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

US Plays Down European Crisis but China Worried

Posted by WARREN MOSLER on May 24th, 2010

Yes, China is worried- they own the national govt paper a part of their currency reserves

US Plays Down European Crisis but China Worried

The United States suggested Europe’s debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too.

One Response to “US Plays Down European Crisis but China Worried”

  1. Tom Hickey Says:

    Michael Pettis, Don’t misread the trade implications of the euro crisis for China

    Andy Xie, Steering Out of a Smash-Up No One Wants

    Reply

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