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11-03-2008, 09:22 PM #11
OPSenior Member
britain goes to saudi arabia with begging bucket
china isn't entirely dependant on the usa...about 1/4 of china's exports go to the usa, and 1/10 of china's imports are from the usa...more importantly, the exports are not controlled by the government, and it is doubtful that US tarriffs would cause a significant reduction in trade
in 2000, china held $60 billion in US treasury notes...today, china controls more than $600 billion...that's the biggest increase of any foreign lender in history...china can tell uncle sam to sit down and mind his manners
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