Chimerica
n.—Gloss: The symbiotic Chinese-American financial relationship, in which there is a great trade imbalance as Americans save little and buy lots, and there is a great investment in American Treasury bills and the dollar by the Chinese. «For decades, a similar relationship between the U.S. and Japan created great imbalances; the curious China-U.S. symbiosis that the economic historian Niall Ferguson calls Chimerica has compounded these.» —“Hope, thrift and stimulus” Globe and Mail (Toronto, Canada) Jan. 9, 2009. (source: Double-Tongued Dictionary)
Further reading
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