Daily Revolt

May 15, 2007

China Warns Against Trade Sanctions

This is what could bring the whole house of cards crashing down. We depend on the Chinese to keep our financial system from collapsing by buying up our bonds. If our government pushes to hard the mainland might decide to pull the plug:
Chinese officials warned American lawmakers on Tuesday against threatening sanctions over trade disputes ahead of talks this month and said there are no plans to speed up currency reforms despite U.S. pressure.

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