Here’s an exercise for an undergraduate course in international economics: What’s wrong with this graph from a Fast Company special report on China in Africa?
Graphing each country’s foreign exchange reserves, the text says “China still has a huge war chest for African deals and, unlike the US, doesn’t make demands for transparency or human rights.”
[HT: Alex Gadzala]
In my opinion the dollar holdings (or potential dollar holdings) of the US are a lot greater than China’s. However many they acquire, we can just print more!! Our bar should be infinitely higher on the graph