This website is no longer actively maintained
Some material and features may be unavailable

November 17, 2009
Debating the impact of a new world financial order

China is now the United States’ largest foreign creditor.

Worldfocus regulars Marcus Mabry, the International Business Editor for the New York Times, and Roben Farzad, a senior writer for BusinessWeek, join Daljit Dhaliwal to discuss the implications for the Obama administration.

They talk about whether the Chinese will influence U.S. policy on issues ranging from Afghanistan to health care because of this new reality.

bookmark    print




Mr. Kettler:
How does one take away China’s exports when practically everything you buy at Wal-Mart, Target or K-Mart is made in China. Most of our manufacturing capacity has moved to china. My airline is the only US airline maintaining its aircraft here in the US! Manufacturing jobs in this country and aircraft mechanics jobs in this country are gone for good. I suggest you watch the Movie The Red Tail about the 2005 Northwest Mechanics strike! Then tell us how easily we can shut down Chinas exports. It was either Marx or Lenin who said when it becomes time to hang the capitalists they will sell us the rope! It is coming to pass as this interview helps illustrate.


I hope the world changes and has a new world order with Barack Obama as President of the United World. Obama does not think of America, Obama thinks of the entire world. President Obama should be President and Leader of the Entire World. When inflation destroys China, I hope President Obama considers this.


Your panelists failed to mention that the Chinese economy is largely depended upon American and EU markets. Take away their exports and they will crumple since they have only a marginal domestic consumer market of about 100 million. Therefore, since China keeps its currency artificially low the imposition of U.S. and EU tariffs/Quotas should encourage an enlightened Chinese currency policy and keep the world from plunging into yet another economic abyss.

Produced by Creative News Group LLC     ©2020 WNET.ORG     All rights reserved

Distributed by American Public Television