Thursday, February 11, 2010

News: Chinese People's Liberation Army urge dumping of US treasury bonds as revenge for arms sales to Taiwan

Found some news that follows on from my last post.

BEIJING (Reuters) – Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA (People’s Liberation Army) deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

Read full article…

Given the dire economic situation of the U.S., discussions of this type are to be expected. Bear in mind that the People’s Liberation Army has no role in setting Chinese economic policy, so that’s all this is – a discussion.

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[Via http://eschatonic.wordpress.com]

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