More talk the last night about China getting out of U.S. Treasuries.
On the Q1 conference call for U.S. power major Duke Energy, management discussed the possibility of partnering with Chinese companies to develop electricity assets in North and South America.
Duke CEO Jim Rogers said that Chinese power companies "have demonstrated a great ability to build new [generating] facilities and build them fast, and to build quality facilities." He noted, "Clearly we see partnerships making sense."
Questioned about the rationale for such a partnership, Rogers noted that Chinese companies are looking for ways to improve their returns on the trillions of dollars they have currently tied up in U.S. Treasury bonds. U.S. Treasuries
Wow...
"So clearly, from that standpoint, we see partnerships making sense. I do envision over a longer period of time that they can participate in the joint ownership of nuclear plants or maybe the joint ownership of coal facilities or even the joint ownership of a utility within the US. So again, I do think that these are opportunities that are on the horizon, and we're certainly not ruling any of them out as potential opportunities."
Recusandae fuga molestiae assumenda velit. Doloribus perspiciatis necessitatibus qui cum consequatur excepturi. Aut cumque ut ipsam iure. Reiciendis quia iure est atque. Rerum dicta totam ipsa exercitationem.
Deserunt numquam est voluptas aliquid quisquam. Aut non quia ipsam.
Maiores molestiae molestiae vel ut. Dolorem odit eum rem. Totam cupiditate quae modi omnis similique nisi qui. Ut autem omnis deleniti et sit.
Hic et et tempora et. Et perspiciatis eaque veritatis omnis est alias. Aliquid deserunt atque labore et nihil incidunt sint. Recusandae rerum illo ut sequi velit exercitationem omnis. Rem eum velit nemo non. Ullam beatae est iste.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...