The U.S.-China Economic and Security Review Commission held a hearing yesterday on “U.S. Debt to China: Implications and Repercussions.” Commissioner Michael R. Wessel framed the discussion as follows, “…we’ll find out whose problem it is when the U.S. owes China – our banker – as much as $1.5 trillion.” Readers of this blog will recognize that this is a topic I’m interested in; i.e. what the current “symbiotic” US-China economic relationship means for global economic geography and geopolitics.
As such, I’m going to spend the weekend reading testimony from Mr. Clyde V. Prestowitz, Dr. Simon Johnson, Dr. Derek Scissors, Mr. Leo Hindery, Jr., Dr. Eswar Prasad and Dr. Daniel W. Drezner. From a quick scan of the speeches, I can see that that latter three talk (a bit) about China’s SWFs (in case that’s your only interest here).
In addition, since this ‘weekend reading’ is focused on China, I’m going to spend some time staring at this lovely map.
Have a nice weekend.
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