sharon sanders
Editor-in-Chief & President
From the Council on Foreign Relations -
Confronting the China-U.S. Economic Imbalance
<table class="author-table" border="0" cellpadding="0" cellspacing="0"><tbody><tr><th>Author: </th><td class="authors">Roya Wolverson, Staff Writer
</td></tr></tbody></table> November 16, 2009
`....Some say focusing on China's currency is merely a distraction from other drivers of U.S. debt. In an October 2009 interview, Morgan Stanley's Stephen Roach said the currency issue is a "red herring" for U.S. policymakers and that the United States should instead focus its efforts on boosting U.S. savings. "If we want to redirect our economy away from excess consumption towards more of a savings-based economy, then and only then, can we wean ourselves off of Chinese products," said Roach...
http://www.cfr.org/publication/20758/
Confronting the China-U.S. Economic Imbalance
<table class="author-table" border="0" cellpadding="0" cellspacing="0"><tbody><tr><th>Author: </th><td class="authors">Roya Wolverson, Staff Writer
</td></tr></tbody></table> November 16, 2009
`....Some say focusing on China's currency is merely a distraction from other drivers of U.S. debt. In an October 2009 interview, Morgan Stanley's Stephen Roach said the currency issue is a "red herring" for U.S. policymakers and that the United States should instead focus its efforts on boosting U.S. savings. "If we want to redirect our economy away from excess consumption towards more of a savings-based economy, then and only then, can we wean ourselves off of Chinese products," said Roach...
http://www.cfr.org/publication/20758/