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"to see that China's prominence in the world economy is directly tied America's prominence in the world economy." What makes you think that? For current Chine
by danohuiginn 15y ago
"to see that China's prominence in the world economy is directly tied America's prominence in the world economy."
What makes you think that?
For current Chinese trade the US is important, but not overwhelmingly so (http://www.uschina.org/statistics/tradetable.html http://www.uschina.org/statistics/tradetable.html). In the future -- China is building links with Africa, with South America, with basically everywhere in the world. Whatever happens to the US, China will be a superpower for the next few decades.
- jballanc 15y agoThe problem is that China is just now building those links. Brazil and Turkey have their links already in place (and fairly well cemented in history). That said, I do see China (or some agglomeration of China + US) being a world power for the next generation – probably at least for the majority of Jim Rogers daughter's lifetime – but their trajectory doesn't look much better than the US's...it's just a bit more delayed. (Though, China's impending demographic crisis, depending on how bad it gets, could really bring all that down much sooner.)