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We are in denial which is a typical emotional reaction to change, but the bottom line is that China's economy in real terms is already the largest in the world and its long term trend is to grow much faster than the developed world economies.
Very soon China will be the global power in many areas that we have taken for granted to be America's domain. Global currency being just one example. People will need to adjust to the fact that the American dominance and quite possibly its prosperity are in permanent decline.
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[–] Imapopulistnow ago
We are in denial which is a typical emotional reaction to change, but the bottom line is that China's economy in real terms is already the largest in the world and its long term trend is to grow much faster than the developed world economies.
Very soon China will be the global power in many areas that we have taken for granted to be America's domain. Global currency being just one example. People will need to adjust to the fact that the American dominance and quite possibly its prosperity are in permanent decline.