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Tim Nerenz's Blog – December 2011 Archive (1)

China Trade

Everybody has an opinion about trade with China, and here is mine: let’s trade ‘em Ben Bernanke for Fu Ying. Throw in a minor league pitcher if we have to – President Obama comes immediately to mind.

Fu Ying is China’s Vice Foreign Minister, who Friday announced that China would not use its foreign exchange reserves (i.e. dollars) to rescue other countries (i.e. Europe). She explained that “foreign reserves are akin to savings” and not to be squandered by governments.…

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Added by Tim Nerenz on December 11, 2011 at 10:18am — No Comments

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