Keith Bradsher, China Grows More Picky About Debt. New York Times, May 21,
2009. http://www.nytimes.com/2009/05/21/business/global/21reserves.html?scp=1&sq=bradsher%20china%20treasury&st=cse
My comment:
(a) The report is terrific, from the standpoint of economics. To read it,
see the illustration first, which summarizes the story.
(b) US issues treasuries (which is national debt). A lot recently. China
buys some, but most of the rest are snapped by investors who are seeking
safe haven--even if t
