"Trump’s Ties to China Go Way Deeper Than People Realize"
He even tried to launch a Chinese version of "The Apprentice" in 2005.
James WestJan. 27, 2017 12:15 PM
http://www.motherjones.com/politics/2017/01/china-trump-deals-investments-history-graphics-video
Tweety Twump has represented himself as suspicious of China, if not actually disliking China. That appears to be a mis-direction move, or perhaps an attempt at revenge for failed business deals. Tweety business ventures have failed in China often.
"But when it comes to his own business deals, Trump's actions don't exactly align with his hawkish rhetoric. In the past, he has tried repeatedly to land big real estate deals in China with state-run Chinese companies as partners. He's sought access to China's famously tricky business markets—even for his reality TV show, The Apprentice.
Trump still owes potentially hundreds of millions in debt to one massive, state-run Chinese bank, while leasing a floor of Trump Tower office space in Manhattan to another—a contract that's up for renegotiation in October 2019. Trump's hotel company planned dozens of new facilities in China over the coming years, but those projects appear to have been scrapped following the election.
Here are the highlights—and lowlights—of Trump's business record with China, America's biggest trading partner."
Go read the list and you will see Tweety Twump is not all above board.
"U.S. Debt to China: How Much Does It Own?"
Exactly How Much U.S. Debt Does China Own? And Why?
https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355
Does Tweety Twump lan to default on the uS debt to China, and start a debt "war" in court? Will Tweety declare the US is "bankrupt?"
China owns so much U.S. debt to improve its competitiveness in global trade.View All
By Kimberly Amadeo
Updated January 26, 2017
"The U.S. debt to China is $1.0493 trillion, as of November 2016. That's 27.8 percent of the $3.7707 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $19.9 trillion debt is owned by either the American people or by the U.S. government itself. For more, see Who Owns the U.S. National Debt?
China holds less than the $1.1086 trillion held by Japan. Both countries have reduced their holdings in the past year, but China has reduced it faster.
China held a $1.317 trillion in U.S. debt in November 2013. It's reducing its holdings to allow its currency, the yuan, to rise. To do that, China has to loosen its peg to the dollar. That will make the yuan more attractive to forex traders in global markets.
Long-term, China wants the yuan to replace the U.S. dollar as the world's global currency. China is also responding to accusations of manipulation. For more, see Currency Wars."
"How Did China Become One of America's Biggest Bankers?
China is more than happy to own close to a third of the U.S. debt.
Owning U.S. Treasury notes helps China's economy grow by keeping its currency weaker than the dollar. That keeps Chinese exports cheaper than U.S. products. China's highest priority is to create enough jobs for its 1.4 billion people.
The United States allowed China to become one of its biggest bankers because the American people enjoyed low consumer prices. Selling debt to China allows the U.S. economy to grow by funding federal government programs. It also keeps U.S. interest rates low. But China's ownership of U.S. debt is shifting the economic balance of power in its favor.
Why Does China Own So Much U.S. Debt?
China makes sure its currency, the yuan, is always lower than the U.S. dollar. Why? Part of its economic strategy is to keep its export prices competitive. It does this by holding the yuan at a fixed rate compared to a basket of currencies, the majority of which is the dollar. When the dollar falls in value, the Chinese government uses extra currency to buy Treasuries, which increases demand for the dollar, increasing its value.
Also, China promises to redeem dollars for yuan at the fixed rate. It must keep a good supply of Treasury notes in reserve.
China's position as America's largest banker gives it some political leverage. Now and then, China threatens to sell part of its debt holdings. It knows that, if it did so, U.S. interest rates would rise, which would slow U.S economic growth. China often calls for a new global currency to replace the dollar, which is used in most international transactions. China does this whenever the U.S. allows the value of the dollar to drop, which makes the debt China holds less valuable.
What Would Happen If China Called in Its Debt Holdings?
China would not call in its debt all at once. If it did so, the demand for the dollar would plummet like a rock. This dollar collapse would disrupt international markets worse than the 2008 financial crisis. China's economy would suffer along with everyone else's.
It's more likely that China would slowly begin selling off its Treasury holdings. Even when it just warns that it plans to do so, dollar demand starts to drop. That hurts China's competitiveness. As it raises its export prices, U.S. consumers would buy American products instead. China must further expand its exports to other Asian countries and increase domestic demand. Only then can it call in its U.S. debt holdings."
The "too big to fail" situation of China holding US debt is at work, and is in Tweety Twump's favor, and HE KNOWS IT. Tweety Twump says it in a video below.
"Trump: America has leverage over China because it owns so much US debt"
Matthew J. Belvedere | @Matt_Belvedere
Monday, 12 Sep 2016 | 10:37 AM ET
"Donald Trump told CNBC on Monday the United States has "tremendous power" over China because the world's second-largest economy depends on American prosperity, and because of Beijing's ownership of a staggering amount of U.S. debt."
