The long-simmering clash between the world’s two great powers is coming to a head, with dangerous implications for the international system
Within a month the US Treasury must rule whether China is a “currency manipulator”, triggering sanctions under US law. This has been finessed before, but we are in a new world now with America’s U6 unemployment at 16.8pc.
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Ambrose Evans-Pritchard
The Daily Telegraph
March 15, 2010http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7442926/Is-Chinas-Politburo-spoiling-for-a-showdown-with-America.html
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