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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Arran Yuan who wrote (56855)9/22/2006 8:50:10 AM
From: RealMuLan  Read Replies (1) of 116555
 
I see. That is interesting, I haven't thought about that<g>

People tend to forget one thing when they look at huge foreign reserve of China, that is although China's foreign reserve is huge, but China also has plenty of foreign debt. After discounting those foreign debt, China's reserve is not big at all.

Yes, much much better than the US, which is a huge net debtor, China still is a net creditor even after discounting the foreign debt
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