International

China and the Dollar

By Mike Shuster

Published April 14, 2005 at 9:00 PM PDT

This story was published more than 20 years ago.

China makes sure its currency does not grow stronger against the dollar by using its vast reserve of dollars to buy U.S. Treasury securities. That helps finance the government's record budget deficits, but there are concerns beyond the purely economic about this relationship.

International

Mike Shuster

Mike Shuster is an award-winning diplomatic correspondent and roving foreign correspondent for NPR News. He is based at NPR West, in Culver City, CA. When not traveling outside the U.S., Shuster covers issues of nuclear non-proliferation and weapons of mass destruction, terrorism, and the Pacific Rim.

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