People are frightened of China. With their economic growth rate and voracious appetite for new business opportunities they will soon be overtaking the US, think many.
I've always thought this was bunk. It's the old trap many fall into that current trends will extend indefinitely into the future.
In the 80's we thought the same thing about Japan.
The truth is, there is likely to be a correction.
I'm not saying we shouldn't be concerned about China's growth--- especially when it translates into a more aggressive military, and financial control resulting from their US investments. I'm just saying that they will meet many roadblocks shortly which will alter the track they are on.
In the below article, Victor Davis Hanson understands the resilience of America well.
Bernie
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