Today, Moody's gave authoritarian China's sovereign debt a "Aaa" (very high) rating, while the IMF had to bail out democratic Brazil with the biggest bailout in history. Not too long ago, the IMF had to bail out democratic Turkey as well. I don't deny that China's banks have problems, but the difference between China's authoritarian government and the dysfunctinal Third World republics is that China can use authoritarian power to effectively pass economic reforms to address its problems while legislative gridlock paralyzes Brazil and others from addressing theirs. Moody's cited China's continued "pragmatic" approach in implementing economic reforms.
The whole issue of China as a threat is something Americans should grow out of. China is here to stay regardless of what anyone thinks. In a few decades, most of the Fortune 500 will actually be getting most of their revenues from China rather than America itself. At that time, it's nonsensical for them to be fighting any war with each other.
The whole issue of China as a threat is something Americans should grow out of. China is here to stay regardless of what anyone thinks. In a few decades, most of the Fortune 500 will actually be getting most of their revenues from China rather than America itself. At that time, it's nonsensical for them to be fighting any war with each other.So in your opinion we should not view China as a threat because it is destined to become as powerful, if not more powerful than America and of course from your statements I gather that you believe we will all be one big happy family on earth when this happens. I am convinced that it is this type of naive thinking that will enable China to succeed in crushing America.