Chimerica

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)

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Further reading

I’ll Eat My Hat!

For at least three centuries, declaring I’ll eat my hat! has indicated that the speaker is so certain they’re right, that if they’re not, they’re willing to swallow their chapeau. Variations of this phrase include I’ll eat my boots, I’ll eat my cap...

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