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Interview: What can China do to prevent imported inflation after U.S. raised debt ceiling?

08-04-2011 08:24 BJT

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And for more on the US debt issue, let's now crossover to our current affairs commentator, Professor Liu Baocheng. Professor:

Q1. How can China, the largest foreign creditor to the US, protect its currently declining dollar assets?

Q2. China says its going to diversify its foreign exchange reserves. But if its cutting back on US treasuries, then what else? Aside from gold, what else is as safe?

Q3. The US debt deal hits home here in China for another reason - that's the dreaded "I" word. In the face of a declining dollar, rising commodities, what can China do to prevent the imported inflation effect?

Editor:Li Wanran |Source: CNTV.CN

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