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China’s Exclusive Relationship with the U.S. Treasury Revealed
By: Wall Street Pit
Posted on May 22, 2012 at 04:02 AM EDT
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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