It's not a question of it getting worse over here, but of how fast.
No matter what games Xi Jinping plays, if the US economy collapses the loss of a major market will trigger a collapse in China. It cannot be otherwise.
By the same token, China’s yuan currency would become worthless the day after the dollar fell to zero. To avoid that Chin…
It's not a question of it getting worse over here, but of how fast.
No matter what games Xi Jinping plays, if the US economy collapses the loss of a major market will trigger a collapse in China. It cannot be otherwise.
By the same token, China’s yuan currency would become worthless the day after the dollar fell to zero. To avoid that China will have to build up a reserve of yuan denominated assets to buffer the yuan ascending to become the next global reserve currency.
These are not things that can happen overnight. They take time--time China simply does not have.
It's not a question of it getting worse over here, but of how fast.
No matter what games Xi Jinping plays, if the US economy collapses the loss of a major market will trigger a collapse in China. It cannot be otherwise.
By the same token, China’s yuan currency would become worthless the day after the dollar fell to zero. To avoid that China will have to build up a reserve of yuan denominated assets to buffer the yuan ascending to become the next global reserve currency.
These are not things that can happen overnight. They take time--time China simply does not have.