| 1 | The local government raised large sums for highway construction. | |
| 2 | I smooth-talked him into a huge investment. | |
| 3 | Big credit decisions in China are not advanced by any one bank, nor any one banker. | |
| 4 | But, what is the truth? Have foreigners really stepped away from US assets and if so, how is the US to finance its huge current account deficit? | |
| 5 | We can' t know how this tension will play out politically, but we do know that our huge deficits of the past 30 years restrict our bargaining power. |
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