Earlier I read an article from my favorite liberal media source, MSNBC. Well, on their website I found this article, and what it stated was really surprising. To begin with, the article stated how it would be possible for China to create a massive bailout to the world economy. Based on the fact that the Chinese have a two trillion dollar reserve and controls many of the world’s markets, this idea is plausible. China’s economy is orientated around exports, and this is a big factor to how it rests in the world’s economy. Following this, the Chinese people have a savings rate of about thirty percent. In that they save three dollars out of ten. Compare this to zero or even negative percent rate in the US, and you can see the difference. However, China owns over a trillion dollars in US debt, and they’re not interested in buying much more.
Article: http://worldblog.msnbc.msn.com/archive/2008/10/09/1522548.aspx
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Wow, you basically paraphrased the article. Where's the opinion? It's a blog, not a book report. I would addvise digging deeper next time and try to find meaning behind the article and then write what you think about it.
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