Zachary Karabell on Chimerica: The Imminent Economic Integration of China & the US In Brief

In the wake of the global financial crisis, the unique relationship between China and the US has become the fulcrum of the world economy. As our largest creditor, Chinas lending to the US has buoyed American companies and even allowed them to reinvent themselves, selling to Chinese consumers. Author and economic trend analyst Zachary Karabell argues that our two economies have become so interconnected that theyve become one system: Chimerica. Karabell traces the initial forging of Chimerica that began after the suppression of the protests in Tiananmen Square in 1989 to the present. With a look at current affairs and the changing global economy, he urges that we accept China as the predominant economic partner of the future, or find ourselves left behind.

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Interview: Two countries, one economy. Welcome to 'Chimerica'

China and the United States are not fierce economic competitors and tentative allies. In fact, in economic terms they are not two ‘countries’ at all, but rather a single, unified behemoth called ‘Chimerica.’ That, anyway, is the counterintuitive opinion of “Wall Street Journal” contributor and New York-based economist and global financial consultant Zachary Karabell. Karabell’s new book, “Superfusion: How China and America Became One Economy and Why the World’s Prosperity Depends on It,” outlines the emergence of a singular mega-economy that “is hiding in plain sight, unrecognized, unacknowledged, and unwanted” by “many millions whose lives are being reshaped by it.”

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