Indeed, they aim unrealistically to turn back the clock and to deny the reality of nonaligned U.S. interests when it comes to strategic relations withChina.
The split with other central banks is not an ideological rift so much as an acknowledgment of China's very different economic reality, where even a moderate policy loosening last year led to a sharp rise in credit issuance, a pick-up in growth and, lately, the threat of inflation.