Things Beijing News Today

be allowed womens sports. good evening i am jon scott and this is the fox report. ♪ we will have more on both of these stories ahead. but first, bipartisan group of lawmakers wraps up its trip to taiwan per drawing threats from china. this as foreign house affairs committee chairman michael mccaul said if china invades taiwan, u.s. troops could be deployed to defend the island. aishah hasnie has the details from taipei. >> jon, good evening to you. people here in taipei are going abo...

Current account. china, for a lot of reasons does not gotta give up control of his currents if you want to be the reserve currency of got to do things beijing is not prepared to do. quick to think the united states dollar is still going to maintain dominance? >> yes, unless of course of this crazy inflation spending for theres only one country that can dethrone the dollar and that of course is us. nine gordon chang some obvious observations there thank you. and spends the eastern holiday at camp...

They will force banks to continue lending so its a very different type of crisis. >> reporter: but a failure does seem inevitable in chinas government is probably going to step in within days to do something. it wont be a wholesale bailout likely bankruptcy proceedings, a restructuring that would see the company broken apart and also negotiations to make sure that the average people who have put money into pre sold homes dont end up losing everything. only if theres some sort of wider reckoning ...