Very detailed article in the NYTimes yesterday about Tim Geithner and the economic relationship between the U.S. and China. It's a bit on the long side, but worth a read if you're interested in the issue.
Some of the key points that jumped out at me:
- Obama officials believe China's recent job losses are more than the 20 million officially estimated. Not terribly surprising, but it suggests the Chinese economy may be weaker than generally recognized.
- Good insight about China's aggressive stance towards the U.S. being "more to soothe a domestic audience" than a sign of actual policy. In other words, the Chinese government is are more worried about social unrest than anything else, and if things get really bad for them domestically, they are prepared to blame their economic problems on the U.S.
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