With its announcement that China is to invest in its infrastructure some $568 billion (China Announces Sweeping Plan to Aid Economy. New York Times, Monday, November 10, 2008:A1, A8), it seems that the US may have great difficulty borrowing from China to fund its current wars, the $700 billion bank bailout and the other necessary bailouts that will likely require an equivalent amount. And then there is the much needed stimulus package of about $300 billion.
Who and where are the lenders that will step into the gap?
Sent to the New York Times