China in 2025

SEARCH BLOG: CHINA

I have written several times that what we get on the cheap now we will pay for later. These from the BBC:

• China set to be largest economy
• China's trillion dollar surplus
• China growth forecasts rise again
• Profits soar at China's top firms

Meanwhile, despite government protests that all is well in the U.S., foreclosures are accelerating, housing sales and prices are plummeting, and manufacturing areas like Michigan are shutting down.

Oh, an then there is the long-term health of the dollar... what's China to do with $2 trillion... cash?

I hope our children and grandchildren will think we are as smart as some of us do about creating our greatest economic competitor... China.

..