Posted on 08/02/2011 10:51:36 PM PDT by george76
A recipe for world war
Instead of buying our government bonds they could start buying our stuff, like paying for their bootleg copies of pharmaceuticals, movies, video games, Microsoft operating systems. The government let the trade imbalance go to hell because the Chinese were funding socialist spending when they should have been trading products with us. True trade is a two way street.
At this point China isn’t even producing their own carriers, they’ve been buying retired Soviet bloc ships.
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