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To: ild who wrote (271585)	12/21/2003 11:02:53 PM
From: Joan Osland Graffius	Respond to of 436258

ild, Agree. I do not have any URL's handy. I have read recently the Chinese are investing in some Australian, Brazilian and South African commodity operations. They are in the Sudan big time working oil deals. Also the Chinese are renting or leasing farm land from one of the old Russian block nations. It sounds to me like they are putting their US dollars to work. Also read that some of the companies in China are using their US dollars to buy commodity inventories. I do not think the Japanese care if the US debt they hold goes to zero. The Japanese are providing the capital equipment to build out China and they need to keep the Yen somewhat on par with the Chinese currency.