“China may ease up on buying Treasurys as U.S. growth slows and instead focus on developing internal demand, says Stephen Roach, the non-executive chairman of Morgan Stanley Asia.
China traditionally buys Treasurys to help finance the U.S. economy so Western consumers will buy goods made in China, but less demand here leaves the Asian giant little choice but to do what many say needs to be done anyway: export less and buy more at home.
“This is China’s wakeup call,” Roach tells CNBC.”
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