- Posts tagged japan
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China to get larger international role - Washington Times
The United States opened the door Tuesday to giving China a greater role in the world economy and senior positions at the leading international financial institutions, a tacit recognition of the growing role China is playing in the U.S. economy. Zhou Xiaochuan, governor of the People's Bank of China, said during two days of high-level talks in Washington that Obama administration officials had agreed that emerging economies - including China - should enjoy a "greater voice and representation" on the international financial scene. He added that U.S. officials had promised to support "qualified candidates from China being given full consideration" to assume high-level positions with international financial institutions such as the World Bank, International Monetary Fund and other global economic bodies.
Not sure about interdependence - I think this has been a relationship looking for a new equilibrium point. Amidst all the hand-wringing it's important to note that China is still a rising power; in many important ways it hasn't arrived yet. The US GDP still dwarfs that of any other country, and exceeds those of Japan, China, and Germany combined.
