Cables show China used debt holdings to press US

Leaked diplomatic cables vividly show China’s willingness to translate its massive holdings of US debt into political influence on issues ranging from Taiwan’s sovereignty to Washington’s financial policy.

Here. The solution is obvious: China stops trying to annex Taiwan and American politicians cut spending. The people of Taiwan can live in peace and not have to buy arms, knowing China will not try to annex it. American politicians stop spending, and thus reducing the amount of bonds the Treasury issues. Why is peace so difficult?


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