Whether the latter claim is true or not, analysts estimate the value of U.S. economic information being lost to Chinese intrusions each year in the tens of billions of dollars, and the number of illicit probes launched from Chinese Internet addresses against U.S. government sites numbers in the millions each month.
FORBES: U.S. Headed For Cyberwar Showdown With China In 2012
And because the Chinese had so many dollars, they lent the dollars very, very cheaply.
In effect, Mr Snow and his colleagues are asking the Chinese to accept fewer dollars when these IOUs come due.
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The Americans also disapprove of the Europeans' covert rivalry over how many dollars and euros the Chinese central bank should hold.
For example, we were retained by a Chinese company to sue a U.S. company that owed the Chinese company millions of dollars.
Lending credibility to that threat is the fact that over the course of the next few years, the Obama administration will be the gatekeeper watching over billions of dollars of possible Chinese direct investment in the United States.
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According the DealBook, investors lost billions of dollars on Chinese reverse mergers after some of the companies were accused of accounting fraud and exaggerating the quality and size of their assets.
FORBES: FBI Ramping Up Interest in Fraud Related To Chinese Reverse Mergers
The Chinese government is spending millions of dollars on clean energy initiatives ranging from the construction of charging stations for electric vehicles in several major cities to massive wind farms in Inner Mongolia and offshore in the Pacific Ocean.
The Chinese alone are reportedly exporting billions of dollars, saying they no longer trust their government and want to put their money elsewhere.
In the case of Honda, a May 17 strike in their Foshan plant not only cost the company millions of dollars, it also represented one of the highest profile labor actions by Chinese unions in years.
They built up trillions in dollars in reserves to keep the Chinese currency under-valued, and maintained tight capital controls to keep domestic savers beholden to domestic (state-owned) banks.
While Silicon Valley companies were working on the problem, silicon prices fell and Chinese companies like JA Solar, Suntech and Yingli Green Energy rapidly expanded production of conventional solar panels, supported by tens of billions of dollars in inexpensive credit from the Chinese government as well as other subsidies like cheap land.
FORBES: Can China Save Silicon Valley's Struggling Solar Technology?
The problem is that 70% of demand for panels is in countries that use the euro, while most of the panel production costs are booked in Chinese yuan and dollars, according to Mark Bachman, an analyst at Auriga USA. Bachman recently lowered his price targets for seven solar stocks over euro problems.
The Chinese central bank has to print renminbi to purchase the dollars.
Some speculators are already placing their bets, swapping their dollars for yuan, on the assumption the Chinese currency will soon jump in value.
The deal breaks down if the U.S. stops consuming or the price of U.S. capital rises or the dollar starts depreciating rapidly (destroying Chinese wealth stored in dollars).
It is the largest-ever U.S. dollar bond issued by a Chinese company, and the biggest corporate debt offering in dollars, euros or yen in Asia ex-Japan in 10 years, Dealogic said.
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It is the largest-ever U.S. dollar bond issued by a Chinese company, and the biggest corporate debt offering in dollars, euros or yen in Asia excluding Japan in 10 years, Dealogic said.
WSJ: Sinopec Issues $3.5 Billion Bond, Asia's Biggest in a Decade
Chinese companies that have borrowed in dollars will find the cost of their debt falls.
The Chinese will not change their policies, so they are accumulating dollars and therefore forced to reinvest them offshore.
Speculators who anticipated the central bank's announcement borrowed in dollars and bought Chinese assets, including property and Chinese shares.
Sentiment favoring protectionism has grown in the United States, as hundreds of billions of dollars in Chinese products pour in each year.
That research also found that Chinese labor accounted for only a few dollars of the iPod's value, even though trade statistics credited China with producing its full value.
Yes, sure, if the yuan (or renmimbi, either name works) were to rise against the US dollar then yes, Chinese labour as expressed in US dollars would rise in price.
He told me that the Chinese made the fake-junk that sells for ten to thirty dollars, and which are inferior in every respect, including the internal movements, cases, faces, materials, tolerances, and logos.
Supposedly independent analysts working behind Chinese walls were paid millions of dollars, not for the quality of their advice to investors but for helping to secure corporate-finance deals from the companies they were analysing.
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Poly rocked the Chinese art world when it bought them for a total of four million dollars at auctions in Hong Kong in 2000.
These days you find few gamblers there, mostly Chinese tourists betting a few tens of dollars to help relieve the tedium of endless mind-numbing tours of political monuments.
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Despite spending untold billions of dollars on missile defense, the United States will remain vulnerable to Chinese and Russian ballistic missiles for the foreseeable future.
FORBES: The Soviet Way Of War And The Failure Of Ballistic Missile Defense
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