Unbalanced: The Co-Dependency of America and China
by Stephen Roach,
The Huffington Post, January 21, 2014
The United States and China are political and economic rivals. They are also joined at the hip in many ways. A source of inexpensive products and surplus financial capital, China sustained consumer-driven economic growth and low inflation in America despite a lack of domestic savings. In turn, as the world's largest market, the United States fueled China's remarkable export-led economic expansion.
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