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China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Oct 10, 2008 Market Outlook

Epoch Times
Thursday, Oct 9, 2008
According to a British Broadcasting Corporation (BBC) report, China denied reports that it would buy up to $200 billion worth of U.S. Treasury bonds to partially finance the Bush Administration’s $700 billion rescue package.
Hong Kong’s Ming Pao reported on October 5 that China was going to buy another $200 billion in U.S. Treasury bonds from the financial bailout package, with initial investment fund of $70 to $80 billion.

Bai Li, spokesperson for the People’s Bank of China, said that the central bank has never announced any plan to buy additional U.S. Treasury bonds, according to the Evening Legal.

Bai also said China and the United States “share common interests” in stabilizing global financial markets and it hopes to see enhanced coordination and cooperation with the States
Continues:
http://www.infowars.net/articles/october2008/101008China.htm

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Technorati Tags: Bai Li, Bailout Package, Bank Of China, Bbc, Bbc Report, British Broadcasting Corporation, Bush Administration, China And The United States, Common Interests, Epoch Times, Financial Bailout, Global Financial Markets, Initial Investment, Investment Fund, Ming Pao, S 700, S Central, Spokesperson, U S Treasury, U S Treasury Bonds

Tags: Bai Li, Bailout Package, Bank Of China, Bbc, Bbc Report, British Broadcasting Corporation, Bush Administration, China And The United States, Common Interests, Epoch Times, Financial Bailout, Global Financial Markets, Initial Investment, Investment Fund, Ming Pao, S 700, S Central, Spokesperson, U S Treasury, U S Treasury Bonds