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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.
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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.

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This entry was posted on Monday, May 24th, 2010 at 8:55 am and is filed under China, Currencies, EU. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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

  1. Tom Hickey Says:
    May 24th, 2010 at 12:15 pm

    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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