We understand the problems and challenges facing the U.S. and China.
The U.S. holds a reserve currency status while China still has a peg to the USD.
Considering each country’s debt level, trading deficit, savings rate, growth rate, it seems that the U.S. is on a slide whereas China is on a ladder.
The saga reflects not only the realities of the changing economy but the status of civil liberties.
The saga continues.
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