[quote=waiting hawk]”NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.”
That’s just noise for domestic Chinese consumption. China continues to export far more than it imports. As long as it does that, it must buy vast amounts of US assets. When China’s trade with the US becomes balanced, you know they are serious about the US being too risky to invest in.
