”In my estimation, China is lying in order to preserve its place in the world economy.”
As long as China possesses the factories underlying the supply chains the US and European economies rely on it will preserve its place in the world economy.
Ironically the Federal reserve and US government are printing trillions to once again bail out speculators who add no real value to the economy — banks, hedge funds. Consider if that money was being spent to rebuild America’s industrial infrastructure. Our banks and corporations built the Chinese economy of today. You can be sure the Chico’s will not make the mistake of rebuilding US manufacturing.
Not disagreeing, but how are the speculators being bailed out?
I don’t have a problem with printing 1 trillion to save big & small biz and its employees. This could easily be recaptured over 5 years.