China's Economy & US-China Relations | Moneytalk 2 of 4

This week, Bob Brinker interviews China expert Victor Shih. Dr. Shih is a professor at Northwestern University. He is author of the book, "Factions and Finance in China" (Cambridge University Press) and the popular blog, http://chinesepolitics.blogspot.com.

Dr. Shih's op-eds and quotes about Chinese banking, finance, and economy frequently appear in the Wall Street Journal, Financial Times, South China Morning Post, RGE Monitor, and other global publications. Victor is a frequently invited speaker to major global conferences on China and advises research firms and financial institutions about China. Follow him on Twitter (vshih2)

Category:

News & Politics

Tags:

• China
• US-China relations
• economy
• North Korea
• pollution
• corruption
• unemployment
• foreign reserves
• global currency
• Chinese Communist Party
• domestic policy
• Japan
• Taiwan
• China stimulus package
• capitalism
• local debt
• human rights
• Burma

[CuteCatFaith]

@sugarpuddin88 I think China's and Russia's decision in November, 2010 to just deal with each other in their local currencies for things such as oil was the Web Bot's "tipping point." Nothing will ever be the same again. I was just in Turkey -- no USD accepted. I hear USD are not accepted in Asia, but no country was named. USD have not been welcome in France for about a year now. I had a bank acct opening turned down in France because I asked for both a USD acct & a euro acct.

[CuteCatFaith]

@stalkingalizee You might really enjoy my YT vids, I OWN YOU NOW and CHINA REPO. If you cannot find them, type my name, "Lisa Falour" next to the titles.

[stalkingalizee]

Not really, Chinese consumption continues to decline. Housing prices eat up all there disposable income.

[sugarpuddin88]

Even when America fails many countries like China will continue experiencing an increase in their own consumption, (Chinas GDP continues to rise despite exports being way down); collapsing the US dollar will help the world economy!

BRIC is trading in their own currency; & China now refuses to pay US derivatives.

Currently, the world is forming ad-hoc currency baskets for trade in order to get away from the contamination, which is the US dollar, (google: Shanghai Organizational Coop)