Why the U.S. and China Should Be BFF

Big Picture

Updated Apr. 25, 2017 4:47PM EDT / Published Nov. 23, 2008 6:55AM EST

One of the most important administration appointments is ambassador to China, Fareed Zakaria writes in Newsweek. If a working relationship between Washington and Beijing isn't maintained, "things could get very, very ugly," he suggests. "In order to run up these deficits—which could total somewhere between $1 trillion and $1.5 trillion, or between 7 and 11 percent of GDP—someone has to buy American debt. And the only country that has the cash to do so is China."

Read it at Newsweek

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Why the U.S. and China Should Be BFF