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Brouhaha over bank reflects shifting power dynamic between U.S., China
Brouhaha over bank reflects shifting power dynamic between U.S., China

For years, U.S. officials have chafed at what they contend is Chinese freeloading on the world stage. While America has spilled blood and spent a fortune on vexing challenges such as Islamic extremism and African epidemics, China, the muttering goes, hangs back or even swoops in on Washington’s coattails to capitalize economically. “They are free riders and have been free riders for the last 30 years, and it’s worked well for them,” President Obama said of China in an interview last summer with the New York Times. “No one ever expects them to do anything.” So when China, now the world’s second-largest economy behind the U.S., proposed in...

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