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  1. 01-08-2009, 08:43 AM #1
    carolinamtnwoman
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    China Losing Taste for Debt From U.S.

    China Losing Taste for Debt From U.S.

    By KEITH BRADSHER
    Published: January 7, 2009


    HONG KONG — China has bought more than $1 trillion of American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at home, a move that could have painful effects for American borrowers.

    The declining Chinese appetite for United States debt, apparent in a series of hints from Chinese policy makers over the last two weeks, with official statistics due for release in the next few days, comes at an inconvenient time.

    On Tuesday, President-elect Barack Obama predicted the possibility of trillion-dollar deficits “for years to come,â€
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  2. 01-08-2009, 11:05 AM #2
    vmonkey56
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