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America continues to borrow from China to finance its heavy spending

Posted under Business on Friday, 26 December 2008 by
America is a heavy spender. At the moment however it does not possess the resources that are required to feed its frenzy. This is why it is increasingly being seen borrowing from countries like China in order to finance their spending. The main cause of this dilemma is however not the fact that...
America continues to borrow from China to finance its heavy spending