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The station at KZYX has survived the recent Grange Fire, however the equipment has several technical issues which we will be working on through Monday afternoon. Although the app is streaming on the internet, internet service is erratic right now. Expect pre-records and emergency notices until Monday afternoon, and thank you for your patience.

China and the Dollar

By Mike Shuster

Published April 14, 2005 at 9:00 PM PDT

China makes sure its currency does not grow stronger against the dollar by using its vast reserve of dollars to buy U.S. Treasury securities. That helps finance the government's record budget deficits, but there are concerns beyond the purely economic about this relationship.

Mike Shuster

Mike Shuster is an award-winning diplomatic correspondent and roving foreign correspondent for NPR News. He is based at NPR West, in Culver City, CA. When not traveling outside the U.S., Shuster covers issues of nuclear non-proliferation and weapons of mass destruction, terrorism, and the Pacific Rim.