HaavBline

China Gets It Right, But Hurts America

Good reasoning except for the final three paragraphs. I completely agree with canb888's comments. It is way premature to speculate that China even want to replace the Dollar as the world's reserve currency any time soon. The Chinese isn't even ready to make the RMB convertible, which turns out to be a very good decision for them. Fore the intermediate term (a decade or so), China will continue to support US Soverign Debts within reasonable bounds, because China needs a stable world economy to ensure its own long term growth and prosperity.

Long-time prominent China-basher Peteer Navarro made a sharp U-turn this week and has nothing but prose about China's stimulus package. He has a good analysis, follow this link:

China's "New Deal":
www.atimes.com/atimes/...