Why China may be selling its U.S. debt
Marketplace
Marketplace
4.6 • 8.6K Ratings
🗓️ 8 November 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
China is the second-biggest foreign holder of U.S. debt, but its total holdings recently hit a low not seen since 2009. In this episode, we’ll talk through a few theories on why China appears to be offloading U.S. Treasurys. Could it be trying to pump up the value of the yuan? Or has China just hidden a bunch of Treasurys? Plus, big-box retailers renovate to draw in shoppers, the repossession industry faces a repo man shortage, and corporate earnings reports go better than expected.
Transcript
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| 0:50.0 | On the program today electric vehicles and the repo man not in the same story. |
| 0:58.4 | From American public media this is market plans. This is |
| 1:02.0 | in marketplace |
| 1:10.1 | in Los Angeles. In Los Angeles. I'm kind ofoll. It is Tuesday, today the 7th of November. |
| 1:15.0 | Good as always to have you along everybody. We begin today with you, the consumer, and a nod to the reality that life in this economy is complicated and people have a lot going on. |
| 1:27.0 | We learned this morning, courtesy of the Federal Reserve Bank of New York, that credit card delinquencies |
| 1:31.7 | are on their way back up from the lows they hit |
| 1:34.0 | during the pandemic amid all that relief money. And specifically that the people who are |
| 1:38.6 | more often late with credit card payments also have either student loans or car loans. |
| 1:45.0 | The resumption of student loan payments and the challenges that that's posing to those borrowers |
| 1:49.0 | we have covered on this program. |
| 1:51.0 | Less so though, automobile loan borrowers. |
| 1:54.0 | Cox Automotive, it turns out, reports that about a million and a half cars are going to be repossessed this year. |
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