China doesn't want our debt either

Thursday, January 08, 2009

The American economic boom couldn't have happened without China's willingness to buy up American debt. While the American economy has hit a road bump (or maybe a pothole), China has been able to avoid the same market turmoil. Until now. With a downturn in its own economy, China isn't interested in acquiring any more American debt and that is having a profound impact on our ability to borrow. New York Times' reporter Keith Bradsher is following this story in Hong Kong.


Keith Bradsher

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