Wednesday, January 22, 2014

China is Dependent on America's Fiscal Health...

... writes Steve Forbes. His argument is that China's amassing of U.S. dollar reserves and treasury notes makes it more dependent on the U.S., not less. He also argues that merely accumulating this wealth, rather than investing, bespeaks a different problem with China's financial markets--that they are too centralized and relying on outdated economic thought from the age of mercantilism.

Read the whole thing.

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