{"id":579901,"date":"2010-05-26T17:30:29","date_gmt":"2010-05-26T21:30:29","guid":{"rendered":"http:\/\/www.businessinsider.com\/sorry-but-the-story-about-china-dumping-eurozone-bonds-makes-no-sense-2010-5"},"modified":"2010-05-26T17:30:29","modified_gmt":"2010-05-26T21:30:29","slug":"sorry-but-the-story-about-china-dumping-eurozone-bonds-makes-no-sense","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/579901","title":{"rendered":"Sorry, But The Story About China Dumping Eurozone Bonds Makes No Sense"},"content":{"rendered":"<p>Earlier today, <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/7049ad6e-68ea-11df-910b-00144feab49a.html?ftcamp=rss\">the FT reported<\/a> that China&#8217;s State Administration of Foreign Exchange (SAFE) was reviewing its $630 billion in Eurozone holdings, with an eye towards dumping them (maybe).<\/p>\n<p>The news helped contribute to the dive in the euro, and subsequent late-day fall in stocks.<\/p>\n<p>The problem is&#8230; the story doesn&#8217;t make any sense.<\/p>\n<p>If anything, China has been in the market buying euros in hopes of propping up their currency.<\/p>\n<p>Why? Because Europe is China&#8217;s biggest export market, and a decline in the Eurozone will hammer its exporters.<\/p>\n<p>All of this is reminiscent to when the US dollar was getting hammered, and there were countless warnings about China dumping our Treasuries. It didn&#8217;t happen, and it&#8217;s not going to happen this time.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bec263f7f8b9aae11ec0200-552-400\/china-euro.png\" border=\"0\" alt=\"china euro\" width=\"552\" height=\"400\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/sorry-but-the-story-about-china-dumping-eurozone-bonds-makes-no-sense-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/mirbXKeWtWY\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier today, the FT reported that China&#8217;s State Administration of Foreign Exchange (SAFE) was reviewing its $630 billion in Eurozone holdings, with an eye towards dumping them (maybe). The news helped contribute to the dive in the euro, and subsequent late-day fall in stocks. The problem is&#8230; the story doesn&#8217;t make any sense. If anything, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-579901","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/579901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=579901"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/579901\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=579901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=579901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=579901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}