China has enjoyed a surge of growth comparable to the biblical seven fat years, fueled largely by exports to the United States.(The Week)(Brief article)

China has enjoyed a surge of growth comparable to the biblical seven fat years, fueled largely by exports to the United States. It has plowed its savings back into U.S. Treasuries--a symbiosis nicknamed Chimerica. Chinese premier Wen Jiabao recently worried in public about the investment: "President Obama and his new government have adopted a series of measures to deal with the financial crisis. We have expectations as to the effects of these measures.... Of course we are concerned about the safety of our assets." President Obama responded with encouraging words. "There's a reason why even in the midst of this economic crisis, you've ...