http://www.telegraph.co.uk/news/worldnews/asia/china/3525052/China-slashes-interest-rates-as-panic-spreads.html
Signs of cracks in China.
http://siteresources.worldbank.org/INTCHINA/Resources/Quarterly_December_2008.pdf
In summary china is in or near recession. Long term this is bad for treasuries as china will turn it 'dollars' inward instead of buying treasuries.
Friday, November 28, 2008
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