Eagle vs Dragon: 'US, China rivalry leads to new arms race'

Chinese Vice President Shi Jin-ping has met with US President Barack Obama in Washington in an effort to smooth out their differences. Tension between the two nations have escalated recently with the US criticizing China's currency policies and Washington bolstering its military presence in the Asia Pacific.

For more, on US-China relations, RT talks to Paul Craig Roberts, who served as an Assistant Secretary of the Treasury during the Reagan Administration. Source