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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Arran Yuan who wrote (56855)9/22/2006 8:50:10 AM
From: RealMuLan  Read Replies (1) | Respond to 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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