China's close ties to the U.S.

Friday, December 26, 2008

It's a case of the poor lending to the wealth. Chinese demand for American debt has driven interest rates artifically low and spurred economic growth and American consumption. The two countries are so connected that Niall Ferguson says the two countries should be called Chimerica. New York Times correspondent Mark Landler looks at the connections between China and the U.S.

"They have this enormous storehouse of savings — over a trillion dollars — and they have to put it somewhere."
— David Landler on China's investment in the U.S. economy

Guests:

David Landler

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