http://www.ft.com/cms/s/0/b576ec86-761e-11de-9e59-00144feabdc0.html
China is not easily deceived by massive American capitalism deception.
The Fed can easily manipulate massive Americans to swindle - literally robbing using all kinds of methods over periods -- Just a matter of time -- by repeated brainwash using media.
The Fed printing and pumping is detrimental in a long run as Americans are using massive debt.
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China to deploy foreign exchange reserves
By Jamil Anderlini in Beijing
Published: July 21 2009 19:09 | Last updated: July 21 2009 19:09
Beijing will use its foreign exchange reserves, the largest in the world, to support and accelerate overseas expansion and acquisitions by Chinese companies, Wen Jiabao, the country’s premier, said in comments published on Tuesday.
“We should hasten the implementation of our ‘going out’ strategy and combine the utilisation of foreign exchange reserves with the ‘going out’ of our enterprises,” he told Chinese diplomats late on Monday.
The “going out” strategy is a slogan for encouraging investment and acquisitions abroad, particularly by big state-owned industrial groups such as PetroChina, Chinalco, China Telecom and Bank of China.
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