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Roach China

China Moves to End Its Co-dependency with U.S.

Stephen Roach | Posted 05.07.2014 | Home
Stephen Roach

China is locked on a course that will transform it from surplus saving to saving absorption -- no longer inclined to lend its capital to the United States but increasingly focused on putting its savings to work in building a social safety net and funding the wherewithal of its own populace. Long the world's ultimate producer, China is now determined to emerge as consumer, too.