| China is a preferred trading partner with the | | | | cannot take anymore. Then where will China get |
| United States and for good reason. China, with | | | | its money to build its great nation. |
| her 1.3 billion people will someday be a major | | | | Some economists speculate that eventually it will |
| superpower in the world. Like India with 1 billion | | | | be able to buy from itself as its middle class |
| people, both nations have a bright future in front | | | | emerges, but let's not forget it is a communist |
| of them and a daunting challenge ahead. | | | | nation and its middle class does not yet exist for |
| China, of course is a communist nation, red China, | | | | the most part or as a percentage of its |
| although, it is borrowing from the efficiencies of | | | | population currently. Further, when its workforce |
| capitalism and generating significant revenue from | | | | starts making more money it will not be able to |
| the rest of the world due to the economies of | | | | produce low-cost goods for the rest of the world. |
| scale and their ability to produce with cheap labor. | | | | China will then have to compete for products and |
| China also has some extremely tough hurdles | | | | services; thus, it will be buying from the rest of |
| ahead. | | | | the world and other nations with low-cost labor |
| China has not gone through its industrial revolution | | | | will emerge to replace its position, African Nations |
| or dealt with unionized labor yet, but it will. All | | | | for instance still, have 100s of millions of people |
| nations go through this, and not all survive. Its | | | | making less than a dollar a day. But can a |
| current growth rate of 10% year-over-year is | | | | communist nation make the transition and will |
| not sustainable forever, but as long as she keeps | | | | those who lead the nation choose to make the |
| growing, everything seems to be okay and it can | | | | transition? |
| run away from many of its problems simply due | | | | One has to ask; why should they? Why should |
| to its own inertia and hyperbolic curve. | | | | the ruling elite in China choose to turn over their |
| Unfortunately, the world can only buy so much of | | | | control? Please consider the philosophical nature of |
| its products. The consumers of the United States, | | | | this discussion and take it where you will. My point |
| Australia, and the European Union can only sustain | | | | is only to make you think, nothing else is implied |
| a trade deficit of so much until their economies | | | | here. |