Creditors can huff but they need debtors – FT.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"China already runs its own risk of massive losses on the currency reserves \u2013 now worth $3,200bn \u2013 it has accumulated. That was a public capital outflow aimed at supporting its trade surpluses. But, in its attempts at managing the currency relationship with the US, it is the latter that controls the central bank. China … <\/p>\n
Continue reading “Creditors can huff but they need debtors – FT.com”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,34],"tags":[571,1315,3456,3551],"class_list":["post-1724","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-us-canada-countries-regions","tag-capital-account","tag-exchange-rate","tag-trade-surplus","tag-us"],"yoast_head":"\nCreditors can huff but they need debtors - FT.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Creditors can huff but they need debtors - FT.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"China already runs its own risk of massive losses on the currency reserves \u2013 now worth $3,200bn \u2013 it has accumulated. 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It was little harmed by the Asian financial crisis of 1997-98 and has been largely insulated from the global tumult of the past four years. That resilience in the face of external trouble has emboldened conservatives in Beijing who support the status quo.\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16180,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/04\/16\/does-china-have-the-financial-arsenic-to-ruin-the-us\/","url_meta":{"origin":1724,"position":2},"title":"Does China have the ‘financial arsenic’ to ruin the US?","author":"Colin Twiggs","date":"April 16, 2018","format":false,"excerpt":"The media has been highly critical of Donald Trump's threatened tariff war with China, suggesting that China has the stronger hand. I disagree on two points: Trump is right to confront China. Even Paul Krugman, not a noted Trump supporter, called for this in 2010. China's position may not be\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1442,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/21\/chart-of-the-day-chinas-u-s-debt-holdings-credit-writedowns\/","url_meta":{"origin":1724,"position":3},"title":"China\u2019s U.S. Debt Holdings","author":"ColinTwiggs","date":"October 21, 2011","format":false,"excerpt":"According to China Daily, China owns $1.13 trillion of US debt. China has $3.20 trillion in foreign exchange reserves. via Chart of the day: China\u2019s U.S. Debt Holdings | Credit Writedowns. The key statistic here is the $36.5 billion decline in August which dwarfs previous monthly changes. 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Trading in China Evergrande bonds was suspended for the second\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12223,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/22\/chinas-dangerous-currency-manipulation\/","url_meta":{"origin":1724,"position":5},"title":"China’s dangerous currency manipulation","author":"ColinTwiggs","date":"August 22, 2015","format":false,"excerpt":"I am surprised at John Mauldin's view in his latest newsletter Playing the Chinese Trump Card: ....This whole myth that China has purposely kept their currency undervalued needs to be completely excised from the economic discussion. First off, the two largest currency-manipulating central banks currently at work in the world\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Foreign Reserves","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-fxreserves.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1724"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1724\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}