| The Chinese have taken the other side to the great Western financialization by importing its inflation and gaining control of its bond market. In addition, they have built a massive infrastructure capable of supporting its billions of upwardly mobile.
The Chinese have already cut back significantly on U.S. debt purchases. They have also rotated out of long-term debt in conjunction with the operation twist of the Fed. (The Fed sold short-terms notes in order to buy further out along the curve...............................................Full Article: Source
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