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Margareta Pagano: Will China tip the US 'balance of financial terror'?

The former US Treasury Secretary, Larry Summers, calls it the "the balance of financial terror". A noted academic, Summers, who served under President Bill Clinton, was referring to the relationship between the US and its newer creditors, such as China,... ...full story at Independent

from Independent on Sun, Oct 05 2008

see also:

23 Mar 08 visit China Branded a Terror State by Vice President of Europe  »  YouTube videoNorman Baker MP and Vice-President of the EU Edward McMillan-Scott, brand China a terror state and call for a boycott of the Beijing Olympics. 17th March 2008 outside Chinese Embasy, London
13 Jan 08 visit China And The United States And The Balance Of Financial Terror  »  China Law Blog Brilliant (word NOT used lightly) article, entitled, The $1.4 Trillion Question, by James Fallows over at The Atlantic Magazine (h/t to China Economic Review Blog) Thesis is that China has essentially been subsidizing the United States for a long time and...
30 Oct 08 visit China's int'l balance of payments maintains twin surplus in first half of 2008  »  People's Daily The State Administration of Foreign Exchange posted China's international balance of payments sheet for the first half of 2008 on October 29. According to statistics, China's current account, capital and financial account had a balance of payments surplus...
02 Dec 08 visit Clinton garners congratulations for his wife's nomination  »  People's Daily Visiting U.S. former President Bill Clinton was overwhelmed at a forum in Hong Kong Tuesday by congratulations for former first lady Hillary Clinton, who was nominated the U.S.'s next secretary of state on Monday. Clinton invited a number of VIP...
28 Oct 08 visit China calls for reform of global financial system  »  People's Daily China on Tuesday called for "effective and comprehensive reforms" of the international financial system, elaborating on its stance in response to the on-going international financial crisis. "The financial crisis has exposed the drawbacks and...
24 Oct 08 visit Hu: China's sound growth major contribution to global financial stability  »  People's Daily China's sound economic growth is in itself a major contribution to global financial stability and economic growth, Chinese President Hu Jintao said here on Friday, referring to the global financial crisis that has shocked the world financial markets. ...

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