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by k2enemy
4620 days ago
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It is explained in the article. But the Chinese government for various reasons
wants to subsidize Chinese manufacturing. So they
want to send those dollars they accumulate back to
the United States.
China wants to send the dollars back to the US so that we can repeat the cycle. They could do it by buying US goods or stocks and the author explains why they don't. So the alternative is to buy treasuries. |
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