Quote:
Originally Posted by Botnst
Maybe.
Of course, if Chinese exports to the plaent decline as a result of recession, then China will have to figure-out how to pay for all of the construction and social programs it has recently expanded. And continue it's military expansion and modernization. And it's space program.
It's complicated, isn't it?
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Whatever pain the Chinese economy feels, the US will feel twice as much because of our dependence on their money. The Chinese are also to some extent dependent on the US for their exports, but they realize that and they have more leeway in doing something about it, such as no longer buying US debt and instead stimulating their own domestic consumption. This would be major trouble for the US economy.
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