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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (53211)	9/10/2004 3:54:57 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

China's imports to hit US$1 trillion by 2010 (Xinhua) Updated: 2004-09-11 01:32 Chinese Minister of Commerce Bo Xilai predicted Friday that China's imports may reach one trillion US dollars by the year 2010. The minister said in a speech at the International Forum on the Common Development of China's Economy and the World Economy that his country's imports are expected to hit US$500 billion this year. Bo noted China could not have scored its economic development over the past 25 years without the outside world, and in the meanwhile China's economic miracle is "bringing opportunities" to the world. Over the past 25 years, China's imports rose at an average of more than 15 percent, and total imports added up to US$3 trillion. China imported US$412.8 billion worth of goods last year, making it the world's third largest importer after the United States and Germany. chinadaily.com.cn

To: RealMuLan who wrote (53211)	9/10/2004 4:50:20 PM
From: energyplay	Respond to of 74559

I don't think China is buying US debt as an investment, but to achieve certain economic results. I expect them to keep wanting those results, and as long as buying US debt helps them achieve them, they will keep buying. It ain't an investment, it's an action.

To: RealMuLan who wrote (53211)	9/11/2004 5:41:25 AM
From: Taikun	Respond to of 74559

If you follow Morgan Stanley's Chief Economist Stephen Roach, he reported several months ago after returning from a trip to Asia that despite several years passing since the end of the Asian crisis, Asian economies have done little to build domestic demand. By buying US treasuries these nations support their best customer. One analogy is that in the US one's credit score (FICO) decreases if you have credit that you do not use (ie have credit cards that you don't tap into) The US is a 'credit card' that gets used well.