Tuesday, June 21, 2005
EUA-China: da interdependência e da dependência
Paul Krugman sobre a relação económica e comercial entre os Estados Unidos e a China:
"China exports lots of goods and foreign companies are investing heavily there, so it's running a huge trade surplus. But rather than keep all that money, Beijing is using it, overwhelmingly, to buy US government Treasury bills."
"China could well decide to stop this. If so, the dollar falls sharply, US interest rates rise and our housing bubble bursts."
"that would stop the American economy, the locomotive for the whole world, in its tracks. So, in this weird way, China is now the financial nexus keeping the global recovery going."
Ler artigo no Telegraph