| SamuelRSmith said: China is as fucked, if not more fucked, than the USA. The China Model is Unsustainable |
I'd say your 'as much' would be probably be pretty accurate. Problem is, if China crashes and burns, the States either takes the punches or goes down hard as well. This whole thing is like trying to tiptoe across a floor of rat traps.
China owns over a trillion dollars in the USA's foreign debt and are buying it up at massive amounts, helping to keep the States solvent (among other things), thus enabling it so Americans can continue to buy more of the stuff they produce, etc. Nasty circle. The two are so intertwined that this is why you'll never see a war between the US and China. Neither side could afford it.
