Every time there is a little blip by China in its purchasing or holding of US treasuries, hyperinflationists come out of the woodwork ranting about the "Nuclear Option" of China dumping treasuries en masse.
Such fears are extremely overblown for several reasons.
1. China's purchasing of US assets is primarily a balance of trade issue. If the US runs a trade deficit, some other countries ruin a trade surplus and thus accumulate dollars. This is purely a mathematical function as I have pointed out many times.
2. If China dumps treasuries for Euro-based assets, oil-based assets, yen-based assets or for that matter anything other than dollar based assets, the problem merely shifts elsewhere and those buyers would have to do something with the dollars.....
There is a lively debate in Macedonia over the staff hired to promote Macedonia’s economy abroad. The Government says that the results of the work of the promoters will be seen in the future, while the opposition demands that somebody takes responsibility for the money spent in vain and that the Government explains what the promoters have done so far exactly. Especially because several promoters have been called to return to Macedonia, and the Government has praised them for doing an excellent job. Viktor Miza, the head of the Macedonian Investment Promotion Agency, says that the promoters for Romania, the Czech Republic and Denmark have been called off. The promoter in charge of the Middle East will no longer be working in Egypt
The spectacular $1.3 billion IPO of Sinopharm Group in September 2009 may have been the biggest headline grabber, but the underlying reality is that a broad range of
Beike Biotechnology Co. Ltd. has opened a rehabilitation center in Romania where it will offer traditional China rehabilitation techniques that are prescribed as part of its stem cell therapies in China, but are sometimes difficult to find elsewhere. More details....
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CAMPINA and PRAHOVA, Romania, July 20 /PRNewswire-Asia/ -- Beike
Biotechnology Co. Ltd. (http://www.beikebiotech.com/index.php ), one of the
world's leading biotechnology companies focusing on adult stem cell therapies,
opened Romania's first rehabilitation center to use traditional Chinese-styl
The annual reports into judicial reform and fighting corruption for the two new member states showed that Bulgaria had ldquo;a strong momentum of reformrdquo; while Romania suffered from ldquo;important shortcomingsrdquo;. In particular the European Commission report noted ldquo;insufficient political commitmentrdquo; to support reform. There has been concern over the two nations...
In Bucharest demonstrations and civil unrest were prompted by the ongoing inability of the authorities of Romania to manage the economic crisis without assistance of International Monetary Fund which agreed to sponsor the efforts of Bucharest to cope the state budget deficit. By giving financial assistance the IMF imposes heavy...
Czech power group CEZ has withdrawn from a partnership with Romania to build a new 400 megawatt gas-fired power plant citing unforseen costs central Europes biggest utility said last Monday Balkans reported on 14 July. State-owned power group Termoelectrica signed deals with CEZ Italys Enel and Germanys E.ON two years...
US company Lufkin Industries a provider of oil industry equipment and services planes to build a factory near Ploiesti north of Bucharest in Romania Balkans reported on 14 July. The investment is evaluated at $126 million. The factory would be built on a 33 ha plot of land and would...
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