Here in the US all we seem to hear about is deficits and debt. Yet even the countries that hold a lot of our debt are concerned for our lack of investment at home.
China’s pension fund head recently said that the U.S. government needs to reduce not just its fiscal deficit, but its trade gap, in order to maintain the dollar’s stability. US average levels need to be closer to those of developing nations and emerging markets, the manager of China’s Sovereign Wealth fund advised. Distributed by Tubemogul.
