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China: Creditor to the Rich

Author: Brad W. Setser
China Security

Brad W. Setser writes about the United States' dependency on China as its largest creditor. He argues that the U.S. government should look to transition to a world in which more U.S. investment is financed by the United States' own savings.

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What to Do with Over a Half a Trillion a Year? Understanding the Changes in the Management of China’s Foreign Assets

Author: Brad W. Setser
RGE Monitor

The China Investment Corporation’s $5 billion investment in Morgan Stanley, its $3 billion investment in Blackstone and the China Development Bank’s likely $2b investment in Citigroup have attracted an enormous amount of attention.  In this paper for RGE Monitor, Brad Setser examines the unprecedented growth in China ’s foreign assets, the key institutions managing these assets, and the composition of China's aggregate external portfolio.

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