Iran signs major gas deal with China

China can afford to pay cash for Iranian oil with no strings attached, other than an assurance of continued supply which Tehran should be pleased to agree to.

Yes, the Chinese should spend their reserves buying up real and valuable resources like oil which their industries need, rather than those now worthless US junk bonds!

Yes, the Chinese should spend their reserves buying up real and valuable resources like oil which their industries need, rather than those now worthless US junk bonds!
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Finance 101: you can;t find 2 Trillion worth of assets without raising the price substantially and no one will sell them to you (national assets!)
So China buys US Bonds because they are best choice under the circumstances. Serbian and Russian bonds aren't reliable, no offense.

agim
"So China buys US Bonds because they are best choice under the circumstances"

Yeah I saw the interview with a Chinese ambassador in Canada, he said China in no longer buying long term bonds just short-term US bonds they consider profitable and relatively risk-free. Moreover they'll push for a different currency than US dollar to become operational in 10- years time.

He stressed in particular that Chinese have no other sentiment than their own profit, so here we go.

"Finance 101: you can;t find 2 Trillion worth of assets without raising the price substantially and no one will sell them to you (national assets!)
So China buys US Bonds because they are best choice under the circumstances. Serbian and Russian bonds aren't reliable, no offense.
(AgIm, 6 June 2009 17:00) "

I have news for you Agim. The Chinese have, since the US financial fiasco, scaled back considerably on their purchase of US treasuries.

And the US got desperate as a result. Ms Clinton went to Beijing to plead her case for US treasuries. Both Ms Pelosi and Geithner followed suit shortly after her. All 3 were on their best behaviors in Beijing and dared not raise a squeak about human rights. The Chinese were, nevertheless, unimpressed.

Little wonder that both Hillary and Nancy have since reverted back to their human rights tirades on Beijing since they realized that their hypocritical attempts to play Misses Goody-2-Shoes in Beijing did not yield them the results they sought.

So thanks but no thanks to your US-inspired Finance 101. Obviously the Chinese know better!

Yes, the Chinese should spend their reserves buying up real and valuable resources like oil which their industries need, rather than those now worthless US junk bonds!
--
Finance 101: you can;t find 2 Trillion worth of assets without raising the price substantially and no one will sell them to you (national assets!)
So China buys US Bonds because they are best choice under the circumstances. Serbian and Russian bonds aren't reliable, no offense.

China can afford to pay cash for Iranian oil with no strings attached, other than an assurance of continued supply which Tehran should be pleased to agree to.

Yes, the Chinese should spend their reserves buying up real and valuable resources like oil which their industries need, rather than those now worthless US junk bonds!

agim
"So China buys US Bonds because they are best choice under the circumstances"

Yeah I saw the interview with a Chinese ambassador in Canada, he said China in no longer buying long term bonds just short-term US bonds they consider profitable and relatively risk-free. Moreover they'll push for a different currency than US dollar to become operational in 10- years time.

He stressed in particular that Chinese have no other sentiment than their own profit, so here we go.

"Finance 101: you can;t find 2 Trillion worth of assets without raising the price substantially and no one will sell them to you (national assets!)
So China buys US Bonds because they are best choice under the circumstances. Serbian and Russian bonds aren't reliable, no offense.
(AgIm, 6 June 2009 17:00) "

I have news for you Agim. The Chinese have, since the US financial fiasco, scaled back considerably on their purchase of US treasuries.

And the US got desperate as a result. Ms Clinton went to Beijing to plead her case for US treasuries. Both Ms Pelosi and Geithner followed suit shortly after her. All 3 were on their best behaviors in Beijing and dared not raise a squeak about human rights. The Chinese were, nevertheless, unimpressed.

Little wonder that both Hillary and Nancy have since reverted back to their human rights tirades on Beijing since they realized that their hypocritical attempts to play Misses Goody-2-Shoes in Beijing did not yield them the results they sought.

So thanks but no thanks to your US-inspired Finance 101. Obviously the Chinese know better!