Financial Interdependence: U.S. and China

This chapter explores the historical financial ties between the U.S. and China, tracing key developments from the 1990s through China's WTO entry. It examines how China's undervalued currency and trade surpluses shaped U.S. markets, alongside insights from Larry Summers on financial stability. The discussion further delves into China's evolving investment strategies and their implications for global finance amidst geopolitical tensions.