I think the concensus opinion would be that China will eventually have significant problems with things like a market imbalance in its male/female population plus a rapidly aging population which will see about one-third of Chinese over the age of 65 by, I think, 2030. There are already significant riots in parts of China essentially boiling down to a lack of spreading of wealth, something authorities are starting to express an interest in.
Eventually, many people think, the slower moving but much younger India will overhaul China and leave it in the dust.
Still, the point the author makes is that China may eventually destroy its customers through its trade practices and currency indifference . . . . and without broad internal wealth generation, that might be fatal as well.
The world is always an interesting place.
Cowperson
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Dear Lord, help me to be the kind of person my dog thinks I am. - Anonymous
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