PDA

View Full Version : China has deep pockets


Dondilion
05-07-2014, 09:21 AM
China is about to begin its second phase of developmental aid to Africa.
It means China is looking long term. A more modern Africa enmeshed
with the Chinese economy. :D A win win way to spend those excessive
dollars.

http://www.iol.co.za/business/international/Chinese-premier-offers-Africa-12bn-in-new-aid-1.1683883#.U2o-SKYU9ZQ

budgetaudio6
05-08-2014, 02:18 PM
dont forget the financial aid they have given america that we have to pay back...:D

Rajoo
05-08-2014, 08:45 PM
When it comes time to pay back, we will be paying about half of what they we owe them. Depreciation of the USD is one of their biggest economic worries and why they keep buying USD's like an addict.

piece-itpete
05-09-2014, 07:59 AM
I used to think our debt to them was the economic equivalent of MAD.

But China has more cash in the bank! than our total debt to them. It'd hurt but not cripple them.

Pete