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China Bets Big On America

Posted on March 5 2010 11:00 am
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by Gordon G. Chang

Last year everyone knew Beijing was developing other export markets and decreasing its reliance on the U.S. I read commentary after commentary to that effect, and I believed that Chinese officials, who can be a determined lot, would be successful in diversifying away from America’s market.

Why? It was sensible for China’s technocrats, who properly worried about the shaky state of the American economy, to lessen their country’s dependence on debt-ridden, shopped-out U.S. consumers.

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