libellule said:
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The US economy is still several times that of China's. A massive global recession would hit the USA very hard, and a great many people would live a far lower quality of life.
That same recession in China would send tens (if not hundreds) of millions of people back below the poverty line, cause massive political strife and all sorts of other issues.
You realize as well that if the USA defaults on it's debts, whilst their would be MASSIVE reprocussions for the USA and it's people, that's around $2 TRILLION that instantaneously disappears from China's balance sheet.
Believe me when I tell you they wouldn't be happy.
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