"Fears of an unstoppable Chinese juggernaut are misplaced or outdated," writes Patrick Chovanec,...

"Fears of an unstoppable Chinese juggernaut are misplaced or outdated," writes Patrick Chovanec, urging to instead focus on a country stumbling badly and not knowing what to do next. How might the next President respond to a devaluation of the yuan, continued dumping of excess steel and other products, or even an escalation of military tension in the South China Sea (as Beijing tries to shift attention away from domestic issues).

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Comments (2)
  • BruceInKY
    , contributor
    Comments (445) | Send Message
    The article referenced is worth your time. I have sensed an oddly passive China, but perhaps it really is resting and will see what our path is before reacting and/or seizing a moment. See also Russia, and competing anti-US agendas in Iran, Syria, etc.
    19 Aug 2012, 10:15 PM Reply Like
  • davidbdc
    , contributor
    Comments (3194) | Send Message
    I think people should read a little bit about our own economic history. We have had many recessions along the way - some of them quite deep. So the fact that China is going to run into some times of trouble needs to be viewed as quite normal. The fact is that their leadership continues to take actions to try to provide for long term developement and growth.


    Compare that to our current leadership in Congress and the White House. Trillions upon trillions spent - and how much on actual things that are for future development?


    If China continues to promote economic freedom, followed by personal freedom they will do well. Just as if the USA continues to restrict economic freedom and personal freedoms we will continue to stagnate. I'd say that currently hard work and effort is highly respected in China, while I'd say its under attack by a growing segment of the population in the USA. Perhaps these are momentary situations in the course of history, but recent trends aren't so clear-cut in our favor IMO.
    19 Aug 2012, 11:07 PM Reply Like
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