Louis-Vincent Gave: Understanding China’s Economy, and U.S. Competition — #50
Manifold
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China's Trade Surplus and US Debt Obligations
A discussion on the ongoing trade surplus in China and the increasing debt obligations of the US. The chapter highlights the challenges faced by the US in attracting foreign capital to fund its deficits and the uncomfortable market situation caused by budget deficits during strong economic growth. The speakers also analyze the impact of US activities on surplus countries like China and Saudi Arabia, and speculate on the potential shift in Saudi Arabia's allegiance from the US to China.
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