Effectively argues, to use an analogy, that China with its explosive market-based growth needs Western debtor nations to buy its stuff, and that acknowledging

Effectively argues, to use an analogy, that China with its explosive market-based growth needs Western debtor nations to buy its stuff, and that acknowledging its superior economic sustainability is "arrogant". And the "paper belt" isn't the arrogant one? I view this author's attitude a lot like I view that of Fareek Zakaria, whose tripe we're all force-fed in high school: "We may be entering a post-paper-belt world, sure, but we can't be certain how this will all turn out so it's best to speak moderately and carry around a copy of the New York Times."