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The Average American Owes Average Chinese $4000

published 95 days, 11 hours, 26 minutes ago, posted by

This is the real meaning of the vast trade surplus—$1.4 trillion and counting, going up by about $1 billion/day—that the Chinese government has mostly parked in U.S. Treasury notes. In effect, every person in the (rich) United States has over the past 10 years or so borrowed about $4,000 from someone in the (poor) People’s Republic of China.

category: World & Business

tags: Business & Finance

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