While the US has its problems, future global Chinese supremacy won’t be one. Far from being in a position of overwhelming strength, China and its Communist leadership face imminent multifront domestic crises that will threaten the existence not only of the Chinese Communist Party (CCP) but the existence of the Chinese state as a unified whole. Further, there are several insurmountable obstacles to it seriously disturbing core US interests or expanding its influence much beyond its own coasts before this happens.
…decreasing returns on additional debt and continued overproduction, combined with domestic underconsumption and low-cost labor competition in its region, mean the bill is about to come due. It’s going to be enormous. Total debt is now three times the output of the Chinese economy annually, and the expansion of debt and credit has accelerated in recent years. Until the past year, the Chinese financial system was creating five times the money supply of the Federal Reserve System per month.
Eurasia Review
…decreasing returns on additional debt and continued overproduction, combined with domestic underconsumption and low-cost labor competition in its region, mean the bill is about to come due. It’s going to be enormous. Total debt is now three times the output of the Chinese economy annually, and the expansion of debt and credit has accelerated in recent years. Until the past year, the Chinese financial system was creating five times the money supply of the Federal Reserve System per month.
Eurasia Review