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  • While that could happen several decades from now, China's fate currently is directly tied to the U.S. If we do not buy, they do not grow.China and other big exporters to the U.S. are laden with dollars, not because its a great investment, but because the U.S. buys so many foreign goods in dollars, argues JPMorgan Senior Economist Jim Glassman.If they tried to switch to another currency, they would have
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