the call for some magical solution to the problem of China's excess of dollars suggests something else: that China's leaders haven't 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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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.