China will continue buying U.S. government debt while paying close attention to possible fluctuations in the value of those assets, a vice governor of Beijing's central bank said Monday.

Investing in U.S. Treasury bills is "an important component part of China's foreign currency reserve investments," People's Bank of China Vice Governor Hu Xiaolian said at a news conference on Monday.

"So as an important component we are naturally relatively concerned with the safety and profitability of U.S. government bonds," Hu said - a statement apparently aimed at concerns that rising debt to fund Washington's stimulus package could spur inflation and weaken the dollar.

China is Washington's biggest foreign creditor, holding an estimated $1 trillion in U.S. government debt. A weaker dollar would erode the value of those assets.

. . . continued story with The Huffington Post

e d i t o r i a l  rubbish

One of my favorite songs by recording artist David Bowie is China Girl. If you read the lyrics carefully you will not only find a true love story that spans two very different continents & cultures but a descriptive essay on Hillary Clinton & her travels to go beg and or threaten China to keep buying our debt for . . .

"It would not be in China's interest if we were unable to get our economy moving again," 

Below is just a sample of the words that David Bowie uses in this encryptive but melodic tale concerning our Secretary of State, Hillary Clinton & her recent trip to China . . .

I stumble into town just like a sacred cow
Visions of swastikas in my head
Plans for everyone
It's in the white of my eyes

My little China Girl
You shouldn't mess with me
I'll ruin everything you are
I'll give you television
I'll give you eyes of blue
I'll give you a man who wants to rule the world

And when I get excited
My little China Girl says
Oh baby just you shut your mouth

   David Bowie's Smash Hit China Girl 
Hillary Clinton in China

RF1