US

US-China relationship needs a reset

For the past few decades, the relationship between China and the US has been simple: China made the goods, the US bought them. But according to Stephen Roach, Senior Fellow at Yale and author of 'Unbalanced: The Codependency of America and China', that relationship no longer works. He tells the FT's David Pilling that while China is shifting towards a more consumer-led economy, the US is still too dependent on Chinese goods and Chinese savings.