NYT :: Business

China?s Central Bank Is Short of Capital

China?s central bank is in a bind, after snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac over the last seven years.<br/><br/><span class="advertisement"> <a href="http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/09/05/business/worldbusiness/05yuan.html"><img src="http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7b&u=http://www.nytimes.com/2008/09/05/business/worldbusiness/05yuan.html" border="0"/></a></span>