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‘All China’s assets in the US might be annulled‘

‘All China’s assets in the US might be annulled‘

Publicerat av Tony Harkén fredag, 10 juni 2016.

Warns ex-BoE chief, urging countries to diversify

Washington may be forced to renege on its huge debt to Beijing under catastrophic circumstances, says the former head of the Bank of England Mervyn King.

He suggests governments could mitigate risk by diversifying their assets.

“Who knows what the future holds, but China and other countries do not want to be in a situation where all their international assets are in effect dependent on the US,”said King, who was the Governor of the Bank of England from 2003 to 2013, in an article for Gold Investor magazine.

Read more at - www.rt.com/business/345982-china-us-debt-mervyn-king/

Publicerat av

Tony Harkén

kina

Klockan i Hong Kong, Kina

CN - Time
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