20.10.2008 - Chinese support for US economy
From Arabnews.com: Chinese sovereign wealth funds, along with their counterparts in Arab Gulf states have not simply been busy helping recapitalize US banks and incidentally often seeing their investments nose dive at least in the short-term. Beijing has been busy buying US government debt. In the first half of this year the Chinese purchased some $225 billion of US Treasury bonds and paper from other US government agencies..... Full Article: Source