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U.S. lets China bypass Wall Street for Treasury orders
Reuters – China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a different method than any other central bank in the world. Read Article
Tags: Asia, banks, debt wealth, financial system, North America
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