January 20, 2011
A great (perception) game on China
The Chinese leader Hu Jin-tao is in Washington D.C. now. People are busy in making money and fame by speculating on China and its relations with the U.S.
Things are a bit over-exaggerated. A large part of today's Chinese wealth comes from its export to the United States. The Chinese fully utilized the scheme: the U.S. imports (printing dollars), China exports, the U.S. pays in dollar and China invests the dollar in the U.S. government bonds.
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