Do the Chinese believe in capitalism more than does the Obama administration?
The Chinese Communist government must constantly remind the U.S. of its too big budget deficit. The Chinese are troubled because they own well over $800 billion (and growing) in U.S.Treasury debt. They see what’s becoming a poor investment. They realize that this cheapens the value of the bonds they own.
The Chinese manage their budgets along more capitalistic lines. compared to the Obama administration. ( See the Earl J Weinreb NewsHole® comments.)
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