The China Price

" Alexandra what does China's ultimate goal in in being a market for us and -- the market for them."

" While China original call and I think it's probably fair to say it's difficult today is very selfish instead grow its own economy and that's. You know -- to provide jobs for its own economy basically that single in any country would have. Italy did was open its economy past thirty years ago to foreign investment which led to a huge flood of investment in manufacturing in particular. And I -- boom -- really in the factories. Towns along the coast -- factory towns now. Provide a bar iPods our furniture our electronics is really everything that we need on a daily basis were getting from China."

" went when when the government of the United States. Borrows money from quote China close quote. Who wore what is actually loaning the money is that the government. Is today a corporation or what we would call corporation in which the government owns a share stock is -- private Chinese investors. Who is at that is buying the American federal thirty year bonds."

" That needed Chinese Government. Photo what happens is you know Chinese and has. Foreign reserves that it earns from in the US dollar denominated reserves than it -- from its international trade and then. -- in what it feels that the net investment for the country. And and when it's been doing is. Buying up a lot of --"

" And then stopped correct."

" Well all the purchases. -- if we look at. He noted China's position right now we may have to put their money where they feel it's you know most intelligent and Patrick now that's not to. They're not stopping buying it there they're just you know and I'm sure there -- yeah. But they're going to be doing without money."

" Well. Will there come a time when they'll say enough is enough."

" In terms of their purchases of American people. You know that that is one of those questions that stocks for global economy and they are again looking out for their own interest if they feel that American -- are not. The most intelligent use of their funds -- for sure I'm sure they'll look for other. I think -- put their money. You know now is Hayward two take for example if they wanted to. Use that money that they don't have their foreign exchange resentment and it's and the domestic economy investing more -- infrastructure. Our other social services -- in China. That would actually drive up the value of the Chinese currency so they're not they're not spending in other domestic economy there's they're actually investing abroad."

" When you look at China who needs each unique to each other more than we need them -- they need us more."

" We need each other equally I think we are -- much. We have so much tighter -- to China and China to -- that's who we are very much locked in a sort of embraced and will be for. Decades -- am and that means that we need to understand each other as part of either my pockets to try to give Americans say he has a closeup look. I want is really going on on the ground in China right now."