Chimerica's Monetary Management China Has a Plan, America Doesn't

America has been squandering money it borrowed from the Chinese. Instead of criticizing China's monetary policy, US President Barack Obama should acknowledge the financial skill being displayed by the new world power and learn a few useful lessons.
Von Gabor Steingart
Lender and borrower: Chinese President Hu Jintao (L) and US President Barack Obama.

Lender and borrower: Chinese President Hu Jintao (L) and US President Barack Obama.

JASON REED/ REUTERS
Photo Gallery: The Power of Chimerica
JASON REED/ REUTERS
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Photo Gallery: The Power of Chimerica

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