What role did China and Japan play in the world economy during the spending craze and following recession in the decade of the 2000s?

Question

Quizplus · Accepted Answer

China and Japan played significant roles in the world economy during the 2000s by loaning money to consumers in the United States, which helped fuel the spending craze. This was part of their broader economic strategy to maintain strong export markets.

What Role Did China and Japan Play in the World