China also seems to have a sort of exciting world view in my opinion, belt and road, massive renewables investment, EVs, Nuclear. The USA seems like it's going backwards.
I think it will be harder to China to succeed without America, but I don't think it's impossible. Plenty of countries who will trade with them.
Except China IS doing financial engineering on a huge scale, creating the problems the West has. Except, they're not creating those problems over the course of a century or two, but a decade. They've had 2 massive crashes now and are currently having a 2008-style financial crisis.
And, of course, it turns out that the impressive control of the central government of China is worth nothing as soon as it means local politicians get any less money at any point.
bamboozled|1 year ago
I think it will be harder to China to succeed without America, but I don't think it's impossible. Plenty of countries who will trade with them.
spwa4|1 year ago
And, of course, it turns out that the impressive control of the central government of China is worth nothing as soon as it means local politicians get any less money at any point.
The most recent WTF coming out of China: https://www.nytimes.com/2024/11/08/business/china-stimulus-e...