The US-China Dialogue of the Deaf
In 2010, economic conflict between the US and China became one of the most worrying global developments. Unless both countries adopt economic policies that are in their own interest, and begin cooperating to ensure global stability, their conflict will become increasingly geopolitical in 2011 and beyond.
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NEW YORK – The visit on January 19 of China’s president, Hu Jintao, is coming at a time when economic conflict between the United States and China has become one of the most worrying global developments. Throughout last year, the US pressed China to revalue the renminbi, while China blamed the US Federal Reserve policy of “quantitative easing” for currency-market turmoil. The two sides are talking past each other, though both are making valid points.