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May 22, 2012 at 04:02 AM EDT
China’s Exclusive Relationship with the U.S. Treasury Revealed
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a different method than any other central [...]
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