The Chinese are laughing all the way to the bank and the suckers (free trade crowd) are wondering why.
Yes.
Economic warfare is a very real possibility given the illogical nature of those statistics.
I never deny that, in fact, this type of warfare has gone on between nation states for thousands of years.
My points are simple:
*The use of artificial economics will always collapse over time.
*China cannot continue this approach without eventually paying the price. They will.
*Our economy is too wide and too deep to be impacted in the way a few here are suggesting.
*We need to continue to lead through innovation and our unique capitalist culture.
*We should continue to pressure the Chicom govt into collapse and cultivate China as our ally.
Although I understand the concern about the current 'unfairness' of the competition, most of the arguements presented here are emotional and without substance or data to back them up.
We have plenty of issues here at home we can fix that will have much more impact on our competitiveness now and in the future.
There's more to an economy than capital investments.
There's consumables. China has to import a fair amount of those.
If they default on their loans, then their ability to pay for those consumables comes into question. Nobody is going to release oil and other consumable items for delivery to the Chinese until they have money in hand.
Finally, there is this thing called "the United States Navy."
We may decide to exact payment by seizing oil tankers and other ships headed for China. After all, the oil has been paid for, cash on the barrel, because nobody in their right mind will extend credit to a known deadbeat.