China The New Super Power?
As the U.S. economy falls farther and farther into the red, China has found success in the east. Even though the dollar is still worth more at face value then the Yuan, China is proposing to reset the value of the Yuan to reflect their powerful new economy. This will have a drastic effect on Wall Street as money from foreign investors is changed from U.S. to Chinese markets. China also has bought bonds of billions of dollars to try and keep the U.S. government afloat because the U.S. is China's #1 importer and is one of the main reasons that the Chinese economy is becoming so potent. Because China basically decides the fate of the U.S. economy, does China have the U.S. on a leash?
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