"China wants to convert some of its mountain of U.S. government debt into investment in renovating American roads and subways, the commerce minister said Friday.
Speaking to a business group, Chen Deming said China wants closer cooperation with the United States in infrastructure, clean energy and technology.
Such investments would tie China more closely to Western economies and might help defuse fears Beijing will use its $3.2 trillion in foreign reserves — some $1.15 trillion of that in Treasury and other U.S. government debt — as a political weapon"......READ MORE
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