Minister: China wants to invest in US roads, rails

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http://news.yahoo.com/minister-china-wants-invest-us-roads-rails-130339148.html

China wants to convert some of its mountain of U.S. government debt into investment in renovating American roads and subways, the commerce minister said Friday.

Speaking to a business group, Chen Deming said China wants closer cooperation with the United States in infrastructure, clean energy and technology.

Such investments would tie China more closely to Western economies and might help defuse fears Beijing will use its $3.2 trillion in foreign reserves — some $1.15 trillion of that in Treasury and other U.S. government debt — as a political weapon.

Cookie Parker wrote:Would this be a good idea?

TexasBlue wrote:

Cookie Parker wrote:Would this be a good idea?

Not sure about this. I'd like to see Dbl's opinion on this. He's very well-learned on stuff like this. I'm sure there's pros and cons.

That said, I trust China like I do Hugo Chavez. None.

Cookie Parker wrote:

TexasBlue wrote:

Cookie Parker wrote:Would this be a good idea?

Not sure about this. I'd like to see Dbl's opinion on this. He's very well-learned on stuff like this. I'm sure there's pros and cons.

That said, I trust China like I do Hugo Chavez. None.

I know...I'm torn, too. I'd be afraid they'd bring in workers from China, you know?