China is not as big an economic threat to the United States as some of you seem to think. In fact, I think China is looking at a horrific double-barreled economic crisis over the next 30 years. The real danger to the United States is that the Chinese won’t figure out how to solve this crisis and will resort to domestic and international violence, the last resort of all failing regimes. (Or that we’ll fail to solve our own economic and demographic crisis over that same period.)
China’s still-developing economy is far more inefficient than the juggernaut of our nightmares. And those inefficiencies will, over time, take a bite out of Chinese economic growth.
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