This Giant Isn't Sleeping
September 17, 2009
It’s now widely believed that the global recession is coming to an end, but the path out has been far from typical: This time around, China, not the U.S. has led the global recovery. With its $600 billion stimulus package and with banks lending with abandon, China has become the engine of global manufacturing and industrial activity.
August 01, 2009
At the conclusion of two days of meetings in Washington last week, representatives from China and the United States reaffirmed their mutual commitment to continuing a “Strategic and Economic Dialogue.” Yet, constructive rhetoric masked many of the worries each country has about the other one’s long-term financial health. China is worried about its investments in U.S. bonds; America is worried that the Chinese economic model is unsustainable; and neither much like the position of mutual dependence.