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Can China's Economic Engine Jump-Start the West? / Thoughts?


A BMW at an auto show in Chengdu, China. Two years ago, economists ridiculed the idea of “decoupling”—that the economies of China and other emerging powers could move independently of developments in the U.S. and other Western countries. The deep... Full Article at Newsweek

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Sisteract

Asked by Sisteract at 4:18 PM on Aug. 5, 2010 in Politics & Current Events

Level 36 (80,385 Credits)
Answers (3)
  • I think what is ironic about the US China debt relationship is that the US made the USSR go belly up because we outspent them on military and with them trying to keep up with us, it killed their economy. I am really worried that China is now playing that same role with the US. They will own so much of our debt and we will need them so badly, we will lose our Republic. Something to think about!

    Joeygoat

    Answer by Joeygoat at 4:22 PM on Aug. 5, 2010

  • No. China has a lot of problems. Many of thier people are still living as peasants, slavery and child labor are serious problems...a large part of thier economy is smoke and mirrors (not that ours isn't) and the growth that they are experiencing isn't sustainable, they have a ton of political unrest...Our economies are tied to eachother but are also influenced my many many other factors, growth alone won't help either country prosper.
    UpSheRises

    Answer by UpSheRises at 4:23 PM on Aug. 5, 2010

  • The stability of Germany and how it has ramped up exports is interesting. The US seems to be sitting idly by. IMO, our priorities are all skewed.
    Sisteract

    Comment by Sisteract (original poster) at 10:58 PM on Aug. 5, 2010

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