Obama to Borrow China’s Wealth, Clout in Effort to Steady World

President-elect Barack Obama is expected to be the least confrontational (at least initially) president towards China. Obama realizes America needs China's help to resolve geopolitical issues such as North Korea and managing to stay afloat during the global financial crisis. The current administration has reportedly handled U.S.-China relations well and this is the momentum the president-elect is inheriting. That said, mutual distrust has been growing on both sides as some believe the U.S. purposely triggered the financial crisis to slow down the growth of other nations, most notedly China. Obama has spoken against unfair trade and currency manipulation. Yet rhetoric against China cannot get too strong as China holds large reserves of U.S. currency. 

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