China in World History

(Marvins-Underground-K-12) #1

Notes to Page 154 165


manufacturing prowess on the price of the world’s consumer goods. Ted Fishman,
China Inc. (New York: Scribner, 2005), 253–54.


  1. In an ironic reversal of the Opium War days, by propping up the value of the U.S.
    dollar and keeping China’s currency artifi cially low relative to the dollar, China
    now purposely enables America’s addiction to cheap credit, defi cit spending, and
    consumerism in order to keep Americans buying Chinese products.

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