Americans, of course! Various entities within the U.S. own $9.8 trillion and the remainder $4.5 trillion are owned by foreigners and foreign governments. My own tally shows China, Hong Kong, and Taiwan combined for about $1.4 trillion, about $500 billion more than Japan. These data come from Business Insider and make for great reference since America is undergoing debates about … [Read more...] about Who owns America’s $14.3 trillion debt?
economy
Ever heard of Justin Yifu Lin?
Most people probably don't know him but I believe he is one of the most influential people from Taiwan. Here is a World Policy Institute interview of Justin Yifu Lin, the current Senior Vice President of World Bank. He was appointed on 2008. On another note Zhu Min was appointed deputy managing director at IMF. … [Read more...] about Ever heard of Justin Yifu Lin?
Baidu and Microsoft teams up against Google and a view on censorship
Some might wonder how is it possible that Google still commands about 15-20% search market share in China despite its google.cn service essentially shut down there. The reason is because many Chinese netizens, 450 million and growing, are still using google.com for English language searches. Actually, according to Analysys International, a Beijing market research firm, Google … [Read more...] about Baidu and Microsoft teams up against Google and a view on censorship
“The Economic Collapse of America”
Below is a two-part series made by Aaron Hawkins. I came across his channel on Youtube because he recently talked about the China, South Korea, and Japan efforts in looking into bypassing the USD in their trilateral trade. It appears he has built a small but steady following. Hawkins believes America will collapse economically when the dollar loses the "petrodollar" status … [Read more...] about “The Economic Collapse of America”
Kunming-Singapore High Speed Railway construction starts
By 2020, China's FTA with ASEAN nations will get another big boost; a 3,900km high-speed railway system linking China's Kunming through Laos, Thailand, and Malaysia down to Singapore becomes operational and construction has already started. See my hand-drawing in the regional map below to get a sense of scope of this project. China's trade with the ASEAN countries has … [Read more...] about Kunming-Singapore High Speed Railway construction starts