China to US: We Hate You

posted by Nima

February 14, 2009 · Posted in Global Economics 

The Chinese recently commented on their purchases of US Treasuries:

Luo Ping, a director-general at the China Banking Regulatory Commission, said after a speech in New York that China would continue to buy Treasuries in spite of its misgivings about US finances.

“We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.”

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Comments

One Response to “China to US: We Hate You”

  1. Jeff on February 14th, 2009 5:00 pm

    Wow! What a crazy quote!

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