Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Abstractly if one nation was dependent and the other nation was not, there would be a different ... but China is dependent on imported materials - maybe less oil, but of course more coal, and given rapid urbanization more iron ore and steel.

China is already striking a balance between capture of export markets and cost of essential imports. If it fights to maintain a stable US$ exchange rate while the US counter by discounting the US$ against the ROW, the ¥RMB drops against the ROW.

With the Chinese about where they want to be and the US above where we would want to be under a neo-mercentalist stance, they'd be experiencing problems while we were still experiencing gains.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Jun 9th, 2010 at 04:11:27 PM EST
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Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Thu Jun 10th, 2010 at 07:49:17 AM EST
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Rest Of the World
by Metatone (metatone [a|t] gmail (dot) com) on Thu Jun 10th, 2010 at 07:51:58 AM EST
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