As the Heavens Empire takes its own steps to prevent a tremendous collapse in case of the dollar’s failure Dallas Federal Reserve President Richard Fisher assures American society that China will unlikely do anything to hurt the U.S. interests. On Tuesday Fisher noted that the fate of the two economic giants was closely entwined, reports Reuters.

"China cannot succeed if the U.S. does not succeed," he said at a speech sponsored by the Asia Society, noting that while China owns a lot of U.S. Treasuries its economy is still depending on U.S. consumer spending.

Besides, Fisher also touched upon the situation around the dollar. When answering questions Fisher said that he sees a strong case in favor of the dollar due to stronger capital returns in the United States.