Despite the Chinese prophets of doom on these threads, China up to and including dec 2019 was doing well despite US Trade Sanctions.
https://www.focus-economics.com/countries/china
Since then it would seem that China is fairing better economically since Covid struck both economies simply because China's internal covid
management program seems to have hit a better balance between covid deaths & economic disruption.
From the above stats, IMO, China has two economic bazookas:
-relatively high interest rate of 4% while OECD including Aus & the USA are close to zero
-over 3 $trillion USD in foreign reserves (the USA has a pittance even though its printing press is running 24/7
This gives the Chinese Government huge anti-recession tools even though the world is already well into
a global recession.
China is over half ways into its "Made in China 2025 despite the USA economic strategies to stymie this economic
plan and as of yet there has been no reports of China cutting back on its external economic plan, namely the BRI.
IMO, the economic chips are down for the USA and its challenge is to re-industrialise and maintain its hi-tech
advantage in Silicon Valley and beyond.
Liberty is fine provided the economy delivers and for over 40 million Americans on Food stamps, that simply not happening at the moment.
After 4 years Trump has failed to to deliver to the Rust Belt and that is evidenced by the blue on the 2020 presidential map in what was
America's industrial heartland.
It is now time that Bill Gates and his buddy multi-billionaires pull the pin on 3rd world aid, repatriate profits to the USA and focus attention on gutted Rustbelt Communities at home before the USA has its second Civil War.
Even though Trump is gone , the Populist Grievances are still there and looking for proper leadership.(not fake)
