PAUL KRUGMAN: Chinas Dollar TrapQuicklink submitted by Sheila Samples Permalink
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|the call for some magical solution to the problem of Chinas excess of dollars suggests something else: that Chinas leaders havent come to grips with the fact that the rules of the game have changed in a fundamental way. Two years ago, we lived in a world in which China could save much more than it invested and dispose of the excess savings in America. That world is gone.|
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