The financial crisis: China’s role – and responsibilities?
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The superpower of the East (ouch – they really don’t like the sound of that phrase in Washington!) is so big and so rich that it’s just about everywhere nowadays. As the cash-strapped U.S. government’s second-largest creditor after Japan, it would seem that China would or should have some cards to play in the completely unpredictable game and drama of the still-unfolding, banking-and-credit-crunch crisis that started in the U.S. and has spread and spread and spread around the world. Now, apparently, it may be ready to play some of them.
admin @ October 11, 2008