China's inaction is the best America can hope for, argue James K Galbraith and Warren Mosler in the Guardian website 'Comment Is Free': Thank you, President Hu. It's a succinct rebuttal of the spate of economically ill-informed anti-China blather that Hu's visit to the United States has generated. They conclude their piece with these words:
...we might say a word of thanks to the Chinese, instead of blaming them for what they do.
I second those sentiments. After all, no is is forcing WalMart to source most of their imports from China, or the Chinese to prop up US Treasuries and help keep interest rates low.