Uuuhh, I think it’s a lot.  Wikipedia said it’s more than $2.37. 

As a follow up to Professor Ramezani’s session with us, read this recent Wall Street Journal article [subscription may be required], “China May Get More Daring With Its $1.07 Trillion Stash.”

Per this article, China is looking at new ways of managing its investments in the US that he spoke about – fewer purchases of U.S. Treasury bonds and more buying of riskier investments such as corporate bonds, stocks, real estate and/or commodities.

What does this mean for the U.S.? Per Professor Ramezani’s talk, is this a good or bad development for the US? And what business opportunities might this shift in Chinese investing present for YOU?

And for an article on “the man” in China who gets to decide how to spend this money, click on this Wall Street Journal article (”Beijing Taps Top Official To Invest Its Cash Stash“).  Note that he does not have a PhD in finance or economics; a masters degree.  This was suprising to me given much of Asia’s fixation with perception, formality and high levels of education (e.g., PhD from a Tier 1 Western Univesity preferred for top positions; others need not apply, etc.).   Then again, both Chairman Mao and Deng Xiaoping were peasants and did not come from the bourgeoise.