Comments on: Washington Extra – Goldilocks Geithner Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 By: OpenDemocracy Fri, 17 Sep 2010 01:16:54 +0000 Mr. Geithner can complain all he wants. China holds $847 billion in United States Treasuries. If they decide to stop buying Treasuries, who’s going to lose the battle? As well, China spent $32 billion last year buying resource companies around the world in an attempt to secure their own resource future, including a 10% stake in Syncrude. With China now being the largest energy consumer in the world and the second largest economy, they are in the driver’s seat whilst the United States becomes increasingly less powerful. Here’s an article on China’s energy needs and how they will drive oil prices in the future: 0/08/china-now-number-1-and-number-2-par t.html