How China borrowed its savings from the United States, and why did the United States borrow money fr

You have to make a clear question, it is not the United States that is rushing to borrow from China in a low voice.

It is because China took the initiative to buy bonds of the U.S. Treasury Department in order to preserve its foreign exchange reserves and international income. Not only China, Japan, Taiwan, but even the sovereignty of the Gulf and the sovereignty of European countries are scrambling to buy.

This decision was not problematic at the time.

The problem is that because China later fell into the hands of those investment banks in the United States (many of the descendants of the leaders are compradors of predators such as Goldman Sachs and Merrill Lynch), they only knew this kind of hedging method, and they bought too much and too single. In the end, it became entangled with the United States.

Financial Instruments ......

Just because you bought PetroChina** doesn't mean that PetroChina has come to you to borrow money.

The main reason why China has so much foreign exchange is that the United States consumes a lot of money, so only our coastal factories can make money.

And the reason for the booming consumption in the United States is mainly because of their consumption patterns. The United States needs to issue foreign bonds to maintain this consumption pattern, so naturally China lends the United States foreign exchange earned mainly from its surplus with the United States. Don't unilaterally think that China has lent money to the United States to give a lot of favors, in fact, China also needs to do this to maintain this international balance.

Otherwise, the consequences may be similar to the current financial crisis, the American people can no longer afford to spend, buy less Chinese products, many factories along China's coast have closed, and workers will lose their jobs. However, this crisis is due to the internal reasons of the United States itself, and China should also take the opportunity to adjust its economic structure, after all, the previous high growth was produced under this sick ** balance.

China's financial industry is still underdeveloped, and many Chinese people are still very unfamiliar with the financial industry. Therefore, instead of completely liberalizing the financial market, it is better to lend money to the United States, which has a developed financial industry, and let them help us make money, and we share some of the results, which is more safe.

If the United States is capable, the impact of the financial crisis on the United States is not as great as many people think. If you go to the United States, you will know that life is still not much different from usual. And 70% of the U.S. economy depends on consumption, which means that as long as the lives of ordinary Americans are normal, in general, the U.S. economy is not in much danger.

Currency wars... That "Currency War" was just someone picked up a non-popular ** translation from a small American bookstall to satisfy people's curiosity, and the translator himself didn't expect it to sell so well. The landlord can read it.,You don't have to take it seriously.。。。

It is not that China lends money to the United States, but that it invests in foreign exchange in the form of buying U.S. Treasury bonds, which are currently a safe, able to absorb a large amount of money and have a high return, and in fact buying U.S. Treasury bonds is equivalent to lending money to the United States.

It is best to apply for an international card, and the debit card issued in China, the credit card with the VISA or Master card or UnionPay logo can be withdrawn at the ATM or bank counter with the corresponding mark abroad.

1. Cards with VISA, MASTER or UnionPay logos can be withdrawn abroad. That is, most of the cards in the country are now OK.

2. You may not have to have US dollars in order to withdraw cash, you can also withdraw US dollars if you deposit RMB in China, but because the foreign currency cash carried by Chinese citizens abroad is strictly restricted by the State Administration of Foreign Exchange, the cumulative maximum limit cannot exceed 5,000 US dollars.

3. Visa does not refer to a credit card, but to a card issued by Visa International.

4. You can use UnionPay cards to withdraw cash at Citibank ATMs overseas. The daily withdrawal amount can reach up to $620, and a total of 5,000 can be withdrawn in a month. And UnionPay offers better rates than other card networks.