China & The USA's Mutually Destructive Relationship | FT World
Financial Times
2019-03-04
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For the past few decades, the relationship between China and the US has been simple: China made the goods, the US bought them. But according to Stephen Roach, Senior Fellow at Yale and author of 'Unbalanced: The Codependency of America and China', that relationship no longer works. He tells the FT's David Pilling that while China is shifting towards a more consumer-led economy, the US is still too dependent on Chinese goods and Chinese savings.
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For the past few decades, the relationship between China and the US has been simple: China made the goods, the US bought them. But according to Stephen Roach, Senior Fellow at Yale and author of 'Unbalanced: The Codependency of America and China', that relationship no longer works. He tells the FT's David Pilling that while China is shifting towards a more consumer-led economy, the US is still too dependent on Chinese goods and Chinese savings.
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes
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