China poised to play debt card – for U.S. land

China poised to play debt card – for U.S. land





January 20, 2013


China poised to play debt card – for U.S. land That’s part of an
evolving proposal Beijing has been developing quietly since 2009 to
convert more than $1 trillion of U.S debt it owns into equity. Under the
plan, China would own U.S. businesses, U.S. infrastructure and U.S.
high-value land, all with a U.S. government guarantee against loss. Yu
Qiao, a professor of economics in the School of Public Policy and
Management at Tsighua University in Beijing, proposed in 2009 a plan for the U.S. government to guarantee foreign investments in the United States. WND
has reliable information that the Bank of China, China’s central bank,
has continued to advance the plan to convert China’s holdings of U.S.
debt into equity owned by China in the U.S. The Obama administration,
under the plan, would grant a financial guarantee as an inducement for
China to convert U.S. debt into Chinese direct equity investment. China
would take ownership of successful U.S. corporations, potentially
profitable infrastructure projects and high-value U.S. real estate. MORE


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