Booh! said:
Why not? USA begged China for years now, Italy can do the same. |
The US didn't beg anyone. China buysUS debt because unlike Italy... Chinese Debt is worth something.
It's basically the only economy and currency big enough to act as a decent reserve for the Chinese government to store their money.
I mean the Euro? No chance, not while every Eurostate has it's own independent fiscal policy.
Not to mention that the Chinese tie their currency to the Dollar, meaning in dollars they are far less vulerable to exchange rate changes then they would be the Euro.
