Wed, 21 October 2009
In the wake of the global financial crisis, the unique relationship between China and the US has become the fulcrum of the world economy. As our largest creditor, China’s lending to the US has buoyed American companies and even allowed them to reinvent themselves, selling to Chinese consumers. Author and economic trend analyst Zachary Karabell argues that our two economies have become so interconnected that they’ve become one system: Chimerica. Karabell traces the initial forging of Chimerica that began after the suppression of the protests in Tiananmen Square in 1989 to the present. With a look at current affairs and the changing global economy, he urges that we accept China as the predominant economic partner of the future, or find ourselves left behind.