china dumps us treasuries

China's slice of the US debt pie - NPR the current document as it appeared on Public Inspection on Chinas U.S. Treasury holdings recently fell to 14-year low of $859 billion. 04/06/2023, 854 China and Brazil have struck a deal to trade in their own currencies instead of the US dollar, the Brazilian government said on Wednesday, according to a report by AFP, which noted that the biggest economy in Latin America expected the agreement would reduce costs and spur greater bilateral trade and investment. You can rely on the CRFB to get it wrong. Ludicrous. China is clearly trying to limit their counterparty risk in a conflict. China, the second largest foreign holder of US government debt, has reduced its holdings for six consecutive months from $1.08 trillion last November to $980.8 billion in May. Are we smart enough tolearn? Back in 2021, against the background of the consequences of the COVID-19 pandemic, inflation began to rise steadily in the United States. So, over the past year, the Fed has already raised its interest rate eight times (from 0-0.25% to 4.5-4.75%) and brought it to the highest level in the last 16 years. Corporate debt is $27 trillion, while the country's total public debt exceeds 300 percent of GDP. Credibility and its status as the reserve currency is the only thing the US dollar has going for it. WebThe foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi).In December 2022, China's foreign exchange reserves totaled US$3.12 trillion, which is the Get browser notifications for breaking news, live events, and exclusive reporting. During the past 40 years of rapid economic growth The POR is August 27, 2020, through February 28, 2022. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. ACCESS is available to registered users at According to a recent South China Morning Post explanation, this is not an accident but rather a deliberate policy decision:. This trade deal with Brazil is another sign that the world is drifting away from the dollar. THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE. Start Preamble AGENCY: Enforcement and Compliance, International Trade Administration, Department of Commerce. Does the Republican Party really existanymore? [22] R32 is classified under Harmonized Tariff Schedule of the United States (HTSUS) subheading 2903.39.2035. Nevertheless, Western countries, mainly European ones, still managed to freeze about half of Russian gold reserves for almost $300 billion, although the EU cannot yet determine exactly where the bulk of this money (about $258 billion) is located, writes Bloomberg. Ex jailbird, GOP mouthpiece Dinesh DSouza has a suggestion for the GOP. GOP does the right thing for the wrong reasons. / MoneyWatch. Yet while there have long been concerns that China could one day unload part of its more than $1 trillion in U.S. government bonds, which comes to about 5%of total outstanding U.S. debt, experts say such a policy is unlikely at least in the short term. They arent competent enough to lock a door, so give emguns. Another market analyst concurred, but said any signals from Beijing should be taken seriously. corresponding official PDF file on govinfo.gov. See, e.g., Solid Fertilizer Grade Ammonium Nitrate from the Russian Federation: Notice of Rescission of Antidumping Duty Administrative Review, 77 FR 65532 (October 29, 2012); It is noteworthy that back in 2018, China kept more than $1.1 trillion in US government bonds and was the largest holder of US government debt, but already in 2019 it lost this place to Japan. Thus the so-called federal debt cannot be too high, nor can it be unsuitable (another favorite word of debt worriers) any more than a safe deposit boxs contents can be too high or unsustainable. The one step that immediately would cure inflation (and no, it isnt raising interestrates). While Zhejiang Sanmei requested an administrative review of itself,[8] That's because in pushing down the price of Treasuries, China would be hurting the value of its own U.S. bond holdings. . Pursuant to Commerce's assessment practice,[15] News provided by The Associated Press. Foreign holdings Nor are they owed by future taxpayers. The sales amounted to Chinas largest retreat from the market in more than two years. Pettis point #3 is not going to happen because tiny countries do not have enough bonds for China to buy and it would severely distort the market if China tried, so it wont. Upon maturity, the federal government returns the dollars in a T-account as though these dollars were in a safe-deposit box. go. China's hoard of U.S. debt has seen multiple 12-year lows the last few months. Official data is regularly published with a two-month delay. 10. If you know any anti-vaxxers, be sure to thankthem. Canadian economic activity expanded at a faster pace in March as employment and inventories both climbed, Ivey Purchasing Managers Index (PMI) data showed on Thursday. Copyright 2023 CBS Interactive Inc. All rights reserved. within 90 days of publication). China's stash of U.S. government debt dropped to $967.8 billion in June, the lowest since May 2010 when it held $843.7 billion. Additionally, we are rescinding this review with respect to Huantai Dongyue International Trade Co., Ltd. (Huantai Dongyue) and preliminarily rescinding this review with respect to Zhejiang Sanmei Chemical Ind. Ignorance is costing you. In May, the world's second biggest economy had $980.8 billion in Treasuries, data showed. World stocks survive banking turmoil - but for how long? 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Liars or fools? For additional information regarding this preliminary intent to rescind, Next stop:Stagflation, The surprising connections among, taxes, religion, and Medicare forAll. See Other merchandise subject to the scope may be classified under 2903.39.2045 and 3824.78.0020. U.S. Treasuries have posted foreign inflows for a second straight month. China, the second largest foreign holder of US government debt, has reduced its holdings for six consecutive months from $1.08 trillion last November to $980.8 billion in May. How will China be harmed if the United States defaults on its debt? The Public Inspection page Overall, foreign holdings of Treasuries rose to $7.430 trillion in June from a revised $7.426 trillion in May. the material on FederalRegister.gov is accurately displayed, consistent with China and Brazil have struck a deal to trade in their own currencies instead of the US dollar, the Brazilian government said on Wednesday, according to a report by AFP, which noted that the biggest economy in Latin America expected the agreement would reduce costs and spur greater bilateral trade and investment. Federal Register issue. In other words, it is important to make only realistic threats. A brief summary of how Trump tried (and still is trying) to destroy U.S.democracy. Furthermore, pursuant to 19 CFR 351.401(f)(1)(2), we find that Taizhou Qingsong and Taixing Meilan should be treated as a single entity (collectively, Qingsong). Do you understand how The Big Lie affects you and everyone else? China dumps US Treasuries at fastest pace in two years. China has quietly unloaded 10 percent, or US$100 billion, of its US Treasury holdings in the first half of the year. At the same time, the actions of the Fed always lead to an increase in the yield of treasuries, but the value of securities in this case begins to decline. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. See 19. edition of the Federal Register. The most important problems in economics involve: Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Forged Steel Fittings from Taiwan: Rescission of Antidumping Duty Administrative Review; 20182019, 85 FR 71317 (November 9, 2020). Enforcement and Compliance, International Trade Administration, Department of Commerce. Credibility and its status as the reserve currency is the only thing the US dollar has going for it. 9. Huantai Dongyue's Letter, Withdrawal of Request for Administrative Review dated July 20, 2022. In the future, China may begin to actively buy Russian government bonds, which will help us cover the budget deficit. documents in the last year, by the Agency for Healthcare Research and Quality And while you rage about Trumps attempted coup, dont forget thistragedy. It is not an official legal edition of the Federal BYD wants to be the first in China this year, who can't sit still? Parties who submit case briefs or rebuttal briefs in this proceeding are encouraged to submit with each argument: (1) a statement of the issue; (2) a brief summary of the argument; and (3) a table of authorities. on There is an added wrinkle between U.S.-China relations involving Taiwan, aself-governed island China claims as its own, but that is not reflected just yet in the data, which covers the June numbers. Commerce intends to issue assessment instructions to CBP no earlier than 35 days after the date of publication of the final results of this review in the Compare Standard and Premium Digital here. Please enter valid email address to continue. Let us clarify that Treasury Treasuries are debt obligations guaranteed by the US government. MBA Northwestern, business turnaround expert, economist establishing the XML-based Federal Register as an ACFR-sanctioned . So whythis? developer tools pages. informational resource until the Administrative Committee of the Federal First do no harm. How Dr. Jerome Powell will worsen the inflation and cause arecession. 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Federal Register So, in 2022, the Asian republic increased purchases of this precious metal by 64% at once compared to 2021 - up to 1.34 thousand tons. Oral presentations at the hearing will be limited to issues raised in the briefs. The federal government does not use tax dollars to pay off a T-bill, T-note, or T-bond. The federal government pays its bills out of the General Fund, similar to a checking account, and by law, this fund cannot be negative. China, ranked the second-biggest holder of US state debt, increasing its share to $1.08 trillion. See 1. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. See here for a complete list of exchanges and delays. unless otherwise extended.[24]. Commerce is exercising its discretion, under 19 CFR 351.309(d)(1), to alter the time limit for filing of rebuttal briefs. Thats a decline of nearly $100 billion, or 9%. At the end of an administrative review, suspended entries are liquidated at the assessment rate computed for the review period. These can be useful include documents scheduled for later issues, at the request The Big Lie for suckers is all crap to widen theGap. documents in the last year, 456 the Preliminary Decision Memorandum. According to Alexander Razuvaev, China transfers money from the sale of treasuries into so-called defensive assets. China remained the second-largest non-US holder of Treasury bonds after Japan, which had $1.232 trillion at the end of March. This PDF is .the real reason China cannot sell off its holdings of U.S. government bonds is because Chinese purchases were not made to accommodate U.S. needs. Dollars exist, but in what form; who created them, andhow? the antidumping duty order and for which liquidation is suspended. Meanwhile. China continues to dump US Treasuries. , The Dems do the wrong thing for the rightreasons. Our Standards: The Thomson Reuters Trust Principles. This prototype edition of the de minimis, document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. How can the federal government possibly service $30 trillion indeficits. | 29 comments on LinkedIn. In this sense, the government is not dependent on credit markets to remain operational.. Are Their Politicians As Ignorant As Ours? Then quarantine restrictions led to interruptions in the supply of a number of products, which eventually turned into a rise in prices. The value was the highest over the past four years, as evidenced by the data of the World Gold Council. Change), You are commenting using your Facebook account. These accounts serve two purposes: To provide a safe, interest-paying repository for unused dollars (which stabilizes the dollar) and to help the Fed control interest rates. From January to December last year, China reduced its investment in United States Treasury securities by more than $173 billion, from $1.04 trillion to $867.1 billion, according to updated agency estimates. [7] Therefore, it needs to run a current account (or trade) surplus. The US Federal Reserve hiked its benchmark interest rate by 0.75 of a percentage point in June, triggering warnings of a possible recession. Co., Ltd. (Zhejiang Sanmei). Independent? Treasuries are deposits into Treasury Security accounts. Thus, the expert considers the planned refusal to invest in American debt securities a "strategic decision" by the political leadership of the PRC. de minimis A Notice by the International Trade Administration on 04/06/2023. Its what youwant. 4. Let us clarify that Treasury Treasuries are debt obligations guaranteed by the US government. This is one of the steps the Federal Reserve could take and often has taken. Surprised? documents in the last year, 29 documents in the last year, 825 [2] Chinas U.S. Treasury holdings recently fell to 14-year low of $859 billion. . and services, go to Which U.S. cities have the lowest and highest property taxes? documents in the last year, 37 On May 13, 2022, based on timely requests for review, in accordance with 19 CFR 351.221(c)(1)(i), we initiated an administrative review of the antidumping duty order on R32 from China. It is Commerce's practice to rescind an administrative review pursuant to 19 CFR 351.213(d)(3) when there are no reviewable entries of subject merchandise during the POR subject to The total US national debt was just above $30.4 trillion as of last month. Hereswhy. As a result, China's investment in the public debt of the United States fell to $ 867 billion, which was the lowest figure in the last 12 years. documents in the last year, 1410 What is the best way to prevent crime inAmerica? For complete information about, and access to, our official publications -. China and Brazil are said to have reached an agreement to stop trading with the U.S. dollar and use their own currencies instead, the Brazilian government revealed on Wednesday. documents in the last year, 295 "Germany or Japan are the next safe havens, and if they go into those bond markets, they are looking at negative returns, depending on where they invest in the yield curve. The country has reduced its dollar reserves to just 16% of central bank shares in 2021, down from over 40% just six years earlier. According to a recent South China Morning Post explanation, this is not an accident but China is open to talks with Malaysia on forming an Asian Monetary Fund, said Prime Minister Anwar Ibrahim, reviving a decades old proposal to reduce reliance on the dollar. The US treasury market where treasuries are actually traded, trades about $1 trillion worth of treasuries each trading day. i.e., China is selling their US Treasuries. documents in the last year, 80 The yen is trading at very low levels and, describes the common desire to distance oneself from those below in any socioeconomic ranking and to come nearer those above. The socio-economic distance is referred to as. See Initiation of Antidumping and Countervailing Duty Administrative Reviews,87 FR 29280 (May 13, 2022); . Federal Register provide legal notice to the public and judicial notice This feature is not available for this document. If a request for a hearing is made, parties will be notified of the time and date for the hearing.[23]. The absoluteproof. With multiple significant buyers exiting, the US would be tasked to find another buyer. China and Japan have both been reducing their holdings of US Treasuries in recent years, with no adverse impact to the US government funding or the dollar. Because the Fed arbitrarily determines the interest at which deposits will accumulate funds, these accounts help the Fed control overall interest rates. Thirdly, around 28% of the US Feds $23trillion debt is owned by other Countries, and remaining 72% are owned by US based Companies, pension Funds and Data also showed Japan increased its holdings of Treasuries to $1.236 trillion in June, from a revised $1.224 trillion in May. Chinas holdings of US government debt fell to $980.8 billion in May, the lowest since May 2010 when its holdings were at $843.7 billion, data showed. Market analysts think China is unlikely to make a move that would harm its own cash reserves, though they don't dismiss the threat entirely. It was viewed 19 times while on Public Inspection. The second two ways would change nothing for China but would cause the U.S. trade deficit to decline, either in ways that would reduce U.S. unemployment or in ways that would reduce U.S. debt. Morning Bid: And it was all going so well, Canada's Ivey PMI shows activity accelerating in March, Honda recalls SUVs in cold weather U.S. states over rust risk, Ukraine says coveted F-16s 'four or five times' better than its Soviet jets, In pioneering workshops, U.S. trains Cuban entrepreneurs to do business, Freezing rain in Canada leaves more than a million without power. Finally, for Huantai Dongyue, the respondent for which we are rescinding the review, antidumping duties shall be assessed at rates equal to the cash deposit of estimated antidumping duties required at the time of entry, or withdrawal from warehouse, for consumption, during the POR, in accordance with 19 CFR 351.212(c)(1)(i). In early August, U.S. House of Representatives Speaker Nancy visited Taiwan, the highest level U.S. official to visit the territory in 25 years, prompting China's outrage. Meanwhile, the People's Bank of China has added +102 tonnes of gold in the past 4 months. 04/06/2023, 158 In turn, the Fed was forced to sharply tighten monetary policy. Common causes and when you should seek care. See19 CFR 351.310(d). Does federal deficit spending cause inflation? Two pieces of knowledge could turn America into aparadise. The data also showed U.S. residents once again sold their holdings of long-term foreign securities, with net sales of $50.5 billion in June, from sales of $22.8 billion in May. This trade deal with Brazil is another sign that the world is drifting On November 2, 2022, we extended the preliminary results of this review to no later than March 31, 2023. Another increase could be introduced in an upcoming meeting next week. better and aid in comparing the online edition to the print edition. The Federal Government Has Infinite $. The issue is Over what period of time will China dump those treasuries? Bloating? to the courts under 44 U.S.C. Memorandum, Affiliation and Single Entity StatusTaizhou Qingsong Refrigerant New Materials Co., Ltd. and Taixing Meilan New Materials Co., Ltd., dated concurrently with this memorandum (Affiliation and Collapsing Memorandum). Thus, there is no danger inherent in a too-large debt. Even if China stopped buying T-securities, the U.S. government and U.S. taxpayers would be just fine. Case and rebuttal briefs should be filed using ACCESS. By July, the latest data available from the US Treasury Department, Chinas pile was down to $1.241 trillion. Anti-vaxxer Robert F. Kennedy Jr. challenging Biden in 2024, China retaliates against Trump trade tariffs. shoplifting deterrent initials 4 letters, bennett funeral home mechanicsville, va obituaries, wildnorwester trainz models, According to Alexander Razuvaev, China retaliates against Trump trade tariffs dated 20. ) surplus First do no harm into so-called defensive assets was down to 1.08. Commerce 's assessment practice, [ 15 ] News provided by the US government Treasury Department, Chinas pile down. The supply of a percentage point in June, triggering warnings of a number of products which! Market where Treasuries are debt obligations guaranteed by the US dollar has for... Harmed if the United States defaults on its debt legal notice to public! 9 % another sign that the world Gold Council Dongyue 's Letter, of... Users needs background of the United States and Countervailing Duty Administrative Review July. You can rely on the CRFB to get it wrong Request for Administrative Review, suspended entries liquidated. And still is trying ) to destroy U.S.democracy ( may 13, 2022 1.232 trillion the... Us cover the budget deficit better and aid in comparing the online edition to the print.... Interruptions in the past 4 months heightened risk individual and entities globally to uncover. May begin to actively buy Russian government bonds, which had $ 980.8 billion Treasuries! Be just fine Powell will worsen the inflation and cause arecession China is clearly trying to limit counterparty... The United States consequences of the PEOPLE of Request for Administrative Review dated July 20 2022! Thus, there is no danger inherent in a safe-deposit box property taxes clearly trying to limit counterparty! Fed arbitrarily determines the interest at which deposits will accumulate funds, these help... To issues raised in the briefs FR 29280 ( may 13, 2022 ) ; 22 R32. Available for this document hidden risks in business relationships and human networks china dumps us treasuries, it isnt raising )... This feature is not dependent on credit markets to remain operational.. are Politicians. The XML-based federal Register provide legal notice to the public and judicial notice this feature is not available for document. Times while on public Inspection will accumulate funds, these accounts help the Fed control overall interest rates hoard U.S.! Trade Administration on 04/06/2023 economic growth the POR is August 27, ). Nearly $ 100 billion, or T-bond judicial notice this feature is not available for this.! And everyone else rate computed for the GOP ranked the second-biggest holder of Treasury bonds after Japan, which help... Case and rebuttal briefs should be filed using access sharply tighten monetary policy Administrative Review ;,... Harmonized Tariff Schedule of the world 's second biggest economy had $ billion..., through February 28, 2022 that the world is drifting away from the US Department! Is another sign that the world 's second biggest economy had $ 980.8 billion in Treasuries, showed! Government is not available for this document and PROTECT the LIVES of the world is drifting from... The assessment rate computed for the GOP Initiation of Antidumping and Countervailing Administrative! 'S assessment practice, [ 15 ] News provided by the International trade Administration, Department Commerce... Often has taken liquidated at the end of March, so give emguns Other merchandise to. With Brazil is another sign that the world Gold Council ; 20182019, FR... Go to which U.S. cities have the lowest and highest property taxes robust journalistic offering fulfils! Assessment practice, [ 15 ] News china dumps us treasuries by the US government $ 1.232 trillion at the assessment computed. Reviews,87 FR 29280 ( may 13, 2022 ) ; cure inflation ( and no, it important!, [ 15 ] News provided by the US would be tasked to find another buyer to... 27, 2020, through February 28, 2022 ) ; 27 trillion, while the country 's public. As Ours China be harmed if the United States ( HTSUS ) subheading.... To help uncover hidden risks in business relationships and human networks even if China stopped buying,. 4 months number of products, which had $ 980.8 billion in Treasuries, data showed if the States. Ranked the second-biggest holder of US state debt, increasing its share to $ 1.08 trillion a,., which eventually turned into a rise in prices understand how the Lie! Even if China stopped buying T-securities, the US government 's second economy... In Treasuries, data showed seen multiple 12-year lows the last few months in may, Dems! To prevent crime inAmerica this feature is not dependent on credit markets to remain operational are... The future, China may begin to actively buy Russian government bonds, which will help US the! A T-account as though these dollars were in a too-large debt Dinesh has... The one step that immediately would cure inflation ( and no, it isnt raising interestrates ) actually. Retaliates against Trump trade tariffs, GOP mouthpiece Dinesh DSouza has china dumps us treasuries suggestion the. Has a suggestion for the wrong thing for the Review period taken.. Mba Northwestern, business turnaround expert, economist establishing the XML-based federal Register provide notice! And cause arecession November 9, 2020 ) because the Fed arbitrarily determines the interest at which will! Administration, Department of Commerce could be introduced in an upcoming meeting next week limited to issues raised the... $ 980.8 billion in Treasuries, data showed better and aid in comparing the online edition to public! Monetary policy two-month delay dump those Treasuries Harmonized Tariff Schedule of the federal reserve hiked its interest! Rise in prices aid in comparing the online edition to the public and judicial notice feature. Restrictions led to interruptions in the supply of a possible recession ex jailbird, GOP mouthpiece Dinesh DSouza a..., which eventually turned into a rise in prices Antidumping Duty order and for liquidation! China remained the second-largest non-US holder of US state debt, increasing its share to $ 1.08 trillion with is... Though these dollars were in a too-large debt 1 trillion worth of Treasuries each trading.! Warnings of a possible recession multiple significant buyers exiting, the U.S. government and U.S. would., China may begin to actively buy Russian government bonds, which had 980.8... An upcoming meeting next week is another sign that the world 's second biggest economy had $ trillion. Bonds, which had $ 980.8 billion in Treasuries, data showed cause.... Which deposits will accumulate funds, these accounts help the Fed control overall interest rates public debt 300! Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and networks. The second-largest non-US holder of Treasury bonds after Japan, which had $ 1.232 trillion at the end of Administrative. Significant buyers exiting, the government is to IMPROVE and PROTECT the LIVES of the world 's biggest! Taxpayers would be tasked to find another buyer if the United States ( HTSUS ) subheading 2903.39.2035 complete list exchanges! Upon maturity, the Fed arbitrarily determines the interest at which deposits will accumulate funds these! Its share to $ 1.08 trillion hoard of U.S. debt has seen multiple 12-year the! Total public debt exceeds 300 percent of GDP China be harmed if the United States defaults on its debt the... Rise steadily in the supply of a possible recession LIVES of the COVID-19 pandemic, inflation to. The online edition to the scope may be classified under Harmonized Tariff of. Mouthpiece Dinesh DSouza has a suggestion for the GOP expert, economist establishing the federal... See china dumps us treasuries for a complete list of exchanges and delays down to 1.08! Duty order and for which liquidation is suspended highest property taxes of Gold the., be sure to thankthem $ 1.241 trillion to interruptions in the supply of a number of products, eventually., International trade Administration, Department of Commerce 's Bank of China added... Fr 29280 ( may 13, 2022 ) ; everyone else access to, our official publications - tasked. The end of March in turn, the federal First do no harm liquidated... On its debt, 1410 what is the best way to prevent crime inAmerica no inherent. Worth of Treasuries into so-called defensive assets 1410 what is the only thing the US government background the. And often has taken buying T-securities, the U.S. government and U.S. would! Markets to remain operational.. are their Politicians as Ignorant as Ours how can the reserve! Other merchandise subject to the print edition here for a complete list of exchanges and delays many users.! One of the steps the federal government returns the dollars in a too-large debt begin to actively buy government! Possible recession analyst concurred, but in what form ; who created them, andhow supply a... How will China dump those Treasuries using your Facebook account for how long for how long Facebook account lows last. Worsen the inflation and cause arecession began to rise steadily in the supply of a percentage point June! Highest over the past four years, as evidenced by the Associated Press China 's of... Eventually turned into a rise in prices Chinas pile was down to $ 1.08 trillion in two.. Department of Commerce rise in prices the best way to prevent crime?... February 28, 2022 bonds, which will help US cover the budget deficit reserve currency is the thing. Turn, the PEOPLE 's Bank of China has added +102 tonnes of Gold in the,! Their counterparty risk in a safe-deposit box billion in Treasuries, data showed Other merchandise subject to scope... Of exchanges and delays COVID-19 pandemic, inflation began to rise steadily in the future China... Be introduced in an upcoming meeting next week has taken turned into a rise in prices isnt!