The economic crisis that’s happening in the US now was first started due to american bad behaviour of spending money. we must notice that china is currently the countries that have a large reserve of US dollars. This is because chinese people like to save their money on the bank whilst american don’t spend money on bank due to bank crisis that’s happening right now.
there is a situation that’s called quid pro quo that’s mean something for something, while china like to export cheap goods to the US then the american people like to buy chinese goods because it was cheap. so there is a mutual benefit happening. but not everything is as smooth as it’s plan to be. Continue reading ‘quid pro quo’
