If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Could china be the new super power?

euser1984 · 2017-11-02 18:30:50

I know there are arguments against this but isn't it the case that america are deeply indebted to them

Options

02-11-2017 7:30pm

#1

euser1984

Registered Users Posts: 1,977 ✭✭✭

Join Date: May 2011

Posts: 1357

I know there are arguments against this but isn't it the case that america are deeply indebted to them

0

Comments

Options
#2 03-11-2017 1:30am
TiGeR KiNgS

Registered Users Posts: 1,435 ✭✭✭

Join Date: April 2008

Posts: 1329

euser1984 wrote: »

I know there are arguments against this but isn't it the case that america are deeply indebted to them

Depends what your metric is.
On paper its true that China has a huge position on Treasury bills. This is actually problematic as China are at the whim of the US FED on interest rates.

Also, the Chinese economy is actually a basket case hidden behind a command economy. The debt in the banking system has grown 2X versus GDP. If the US imposed trade tariffs this would collapse china quickly.

0