Gao xiqing biography of christopher
Song, a Chinese-born.
An avid swimmer, Mr. Gao obtained a law degree in from Duke University and had worked at Richard Nixon's former law firm, Mudge Rose....
“Be Nice to the Countries That Lend You Money”
Americans know that China has financed much of their nation’s public and private debt.
During the presidential campaign, Barack Obama and John McCain generally agreed on the peril of borrowing so heavily from this one foreign source. For instance, in their final debate, McCain warned about the “$10 trillion debt we’re giving to our kids, a half a trillion dollars we owe China,” and Obama said, “Nothing is more important than us no longer borrowing $700billion or more from China and sending it to Saudi Arabia.” Their numbers on the debt differed, and both were way low.
One year ago, when I wrote about China’s U.S. dollar holdings, the article was called “The $1.4 trillion Question.” When Barack Obama takes office, the figure will be well over $2 trillion.
During the late stages of this year’s campaign, I had several chances to talk with the man who oversees many of China’s American holdings.
He is Gao Xiqing, president of the China I