Gloss: The symbiotic Chinese-American financial relationship, in which there is a great trade imbalance as Americans save little and buy lots, and there is a great investment in American Treasury bills and the dollar by the Chinese.
Part of speech: n.
Quotation: For decades, a similar relationship between the U.S. and Japan created great imbalances; the curious China-U.S. symbiosis that the economic historian Niall Ferguson calls Chimerica has compounded these.
Publishing location:
Toronto, Canada
Date of publication:
Jan. 9, 2009
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