China has reached the end of its economic boom. What comes next should worry every American business — and the rest of the world.
China has reached the end of its economic boom. What comes next should worry every American business — and the rest of the world.
A) I’m not sure China has had global dominance over the US, but they definitely have dominance over pretty much every other country depending how you measure it.
B) I’m really really not sure I believe the gloom and doom predictions for China’s economy when the government tightly controls all aspects of the economy. Even if they have reached the end of the boom, I don’t see much of a backslide. They are buying up shipping ports around the world to give themselves preferential rates and access. They are buying up natural resources around the world to give themselves better preferential rates. They are doing what the US did for so long in giving out predatory loans to struggling countries in exchange for preferential trade relations.
I’m pretty anti-China in most things, but I’m realistic about the state of the world.