The disaster of “Chimerica” – Can both sides be losers?

| December 14th, 2009

In early 2007, Niall Ferguson coined the term “Chimerica” to describe the economic relationship between the United States and China. At first, in 2007, Ferguson said Chimerica “seemed like a match made in heaven” – the Chinese did the lending, the Americans the borrowing. China and the US accounted for 40 percent of global growth from 1998 to 2007.

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