PrintDecember 1, 2010
Could China's Instability Threaten America?
China's double-digit economic growth over the past thirty years has been breathtaking. Growth has limits, however, and China may soon be reaching them. With worldwide recession and inflation coming to the yuan, a slowdown in China's growth is increasingly probable. If China experiences any letup in growth, the nation's internal stability becomes a concern. The modern Western trait of rising expectations has set in with the populace. By their sheer numbers, any setback in the standard of living could ominously jeopardize the nation's political and economic structure -- and affect us as well. Beijing has established, over the years, an integrated economy with surrounding Asian nations equal in population size to that of the United States. They have the technological and financial advantages of a modern economy and, with their huge population, the cost advantages of a developing one.But China has problems, too. Part of their insecurity stems from a dependence on foreign sources for raw...(Read Full Article)
