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  • Chinese Leaders Threaten To Sell US Debt As Punishment For Taiwanese Arms Sale

    02/09/2010 12:45:04 PM PST · by FromLori · 59 replies · 1,653+ views
    The Business Insider ^ | 2/9/10 | Vince Veneziani
    The doomsday scenario we've feared since World War II has arrived. In response to the United States' latest arms sale to Taiwan, the Chinese military has suggested that China sell off some of the U.S. debt it owns to give the U.S. an economic punch of sorts. Reuters: Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan. The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at...