The article said that China's trade surplus with the United States had dropped from $50 billion a month to $20 billion a month. They are going to spend more on their own economy. The question is, How could they buy more and more and more of our debt, even if they wanted to, when they don't have the money to do so? It portends higher interest rates, as Mr. Melloan wrote.
Discussing China's trade surplus and its implications for U.S. debt during Senate floor debate.
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