{"type":"rich","version":"1.0","title":"buckyfonds wrote","author_name":"buckyfonds (npub1x9…p6rta)","author_url":"https://yabu.me/npub1x9hghmfunry8wcgg8s8w5e3drmkndw92r8qu0cp2l28u32aqqn9q6p6rta","provider_name":"njump","provider_url":"https://yabu.me","html":"Yes. China and America (aka Chimerica) love each other.\n\nControllers' lens after the 90s:\n\nUS wants:\n  - cheap imports,\n  - suppressed goods inflation,\n  - someone to buy endless Treasuries,\n  - geopolitical leverage over industrial chains.\n\nChina wants:\n  - export-led growth,\n  - technology \u0026 capital inflows,\n  - time to build domestic capacity and surveillance apparatus,\n  - a way to turn sweat + coal into reserves and gold.\n\nSo the deal (often framed as \"globalization\" in official language) is:\n- US prints high-quality paper (USTs, Agencies, USD bank liabilities).\n- China prints low-wage labor, exports, and real goods.\n- China recycles the USD surplus back into US paper.\n\n= ❤️"}