Tag Archives: James Fallows

China’s Use of Its Financial Muscle: China’s Growing Financial Power May Not Be As Strong a Weapon As Many Think

There is a widespread belief (apparently shared by President Obama) that because of growing Chinese economic and financial power, and particularly its large holdings of US securities, China can now dictate terms to the US, particularly on financial matters. Even the assumption that this is the case by policymakers can lead to restricted policy decisions and choices. Continue reading

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