possibility of an under subscription??

China has knocked the US from its top spot as the world's biggest net importer of oil, US government data shows.
The country's fast-growing economy, as well as the rise in car sales, has led to its new status, according to September's data.
Oil consumption in China had outstripped production by 6.3 million barrels a day, said the Energy Information Administration (EIA).
In the US, the figure was 6.1 million.
http://edition.cnn.com/

US default... It's getting interesting.

**blackstone**

BEIJING –With days to go before the United States debt default deadline, Beijing aired its frustrations with the shutdown Sunday, saying it was time to consider
a “de-Americanized” world order.

With $1.28 trillion in U.S. Treasuries, China is easily the biggest foreign holder of American debt.

China has also funneled billions of dollars into private American investments – to the tune of an estimated $54 billion in 2012 alone.

“As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring
normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world,” according
to a stinging op-ed article by state news agency, Xinhua