Isn't this the argument that was used in fear of the Saudis in the late 70s and the subject of a movie called something like "$$$?"
The net result is that China loses too since it is on a huge change in its demography with billions entering cities to find jobs. How is that factored in? Also, why is Europe threatening exchange rate fixes to prop up AirBus? It seems Europe is going down first.
Nemo
Why does everyone assume that Red China is strictly interested in their economy. They are using the Free Market to build their Communism dictatorship and expand their influence...to take that great leap forward. And we are paying them to do it.
Europe is going down. There is some question whether Eurosocialism and depopulation will sink them first or whether Islamicizaton and depopulation will do the job.