Just read the first page then can't stand reading it anymore. It is apparently written by someone of Chinaphobia with little economic knowledge and financial insight. This guy is trying to blame China for the current crisis. Ridiculous. China drove down US's interest rate? hehe, give me a break.
US's interest rate went up from 1% to 5.25% over 2003-2007, while China piled up her FX Reserves from almost none to over 1 trillion USD. the Fed cut its interest rate aggressively to squeez out liquidity in the financial system when banks were/are reluctant to lend during the largest financial crisis since great recession in 1930s
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