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Respect is due to China for its economic policies |
2 Signatures |
Published by Concerned Citizen on Aug 22, 2009
Category: International Affairs
Region: China
Target: All governments and the UN
Background (Preamble):
China is playing a key role in stabilising the global economy by its continued support of the USA debt markets.
According to the China Daily,
"China is likely to continue increasing holdings of US treasury bonds even after becoming the No 1 holder because it is the best way to deploy its $1.9 trillion foreign exchange reserves, economists say...
With a $43.6 billion increase in holdings of US treasury securities in September, China's overall holdings amounted to $585 billion. Japan cut its holdings to $573 billion from $586 billion in August.
Net foreign purchases of long-term US securities totaled $66.2 billion in September, up from $21 billion in August and $18.4 billion in July."
Chinese forex policy and Treasury purchases help bolster US treasury debt and stabilise international money transfers.
The Chinese policy of support has helped the world economy to function in a more orderly way.
According to the China Daily,
"China is likely to continue increasing holdings of US treasury bonds even after becoming the No 1 holder because it is the best way to deploy its $1.9 trillion foreign exchange reserves, economists say...
With a $43.6 billion increase in holdings of US treasury securities in September, China's overall holdings amounted to $585 billion. Japan cut its holdings to $573 billion from $586 billion in August.
Net foreign purchases of long-term US securities totaled $66.2 billion in September, up from $21 billion in August and $18.4 billion in July."
Chinese forex policy and Treasury purchases help bolster US treasury debt and stabilise international money transfers.
The Chinese policy of support has helped the world economy to function in a more orderly way.
Petition:
We, the undersigned, wish to convey the importance that Chinese economic policy plays in global stability. We support the Chinese in their aspirations for prosperity and their continuing role in making globalisation of benefit to all countries.
The Respect is due to China for its economic policies petition to All governments and the UN was written by Concerned Citizen and is hosted free of charge at GoPetition.
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