China has accumulated enough financial resources to induce borrowers US and EU to share power, argues Arvind Subramanian, senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development. In an exclusive interview to RT the author of Eclipse: Living in the Shadow of China's Economic Dominance explained how disputable currency policies from creditor China and borrower America dictate the political weather around the globe.
Friday, June 8, 2012
In Yuan We Trust: 'China calls shots as creditor, US role fading'
Jun 5, 2012 by RussiaToday
China has accumulated enough financial resources to induce borrowers US and EU to share power, argues Arvind Subramanian, senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development. In an exclusive interview to RT the author of Eclipse: Living in the Shadow of China's Economic Dominance explained how disputable currency policies from creditor China and borrower America dictate the political weather around the globe.
China has accumulated enough financial resources to induce borrowers US and EU to share power, argues Arvind Subramanian, senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development. In an exclusive interview to RT the author of Eclipse: Living in the Shadow of China's Economic Dominance explained how disputable currency policies from creditor China and borrower America dictate the political weather around the globe.
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