Wednesday, January 7, 2009

Nightmare Scenario: China Liquidating its US Assets.

China owns 3 Trillion of the US economy in various assets, mainly in Treasury Bonds.If they would cash out, it would be an economic apocalypse.Journalist James Fallows explores China's recent rise to power and what it means for the US in his new book of essays, Postcards Tomorrow Square.

Fresh Air from WHYY, January 6, 2009 · Journalist James Fallows explores China's recent rise to power and what it means for the US in his new book of essays, Postcards Tomorrow Square.
A National Correspondent for The Atlantic Monthly, Fallows has been reporting on the economic and political transformation taking place in China since 2006.
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