diagnosis
Jiang says China is important to America because it buys U.S. dollars and U.S. debt, helping sustain American debt.
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US Debt
Jiang says China is important to America because it buys U.S.
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"Third thing is North Korea starts becoming much more belligerent against South Korea and Japan, forcing America to focus more attention in East Asia...."
Transcript
"You want China to keep on buying U.S. dollars so you can sustain the debt, okay? Does that make sense? And third of all,..."
Transcript
".S. dollars, and it's transferring its U.S. dollars into gold, okay? So China is encouraging everyone to buy gold. Don't buy any more U.S...."
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