China biggest threat to world economy

**nonsqtr** · 22nd November 2009 02:45 PM

Far from taking over as the engine of growth from an exhausted West, China is making matters worse. Its "beggar-thy-neighbour" policies continue to play havoc with global trade and risk tipping the world into a second leg of the Great Recession.

http://www.telegraph.co.uk/finance/c...d-economy.html

If provoked, the US has the economic depth to retreat into near autarky (with NAFTA) and retool its industries behind tariff walls â€“ as Britain did in the 1930s under Imperial Preference. In such circumstances, China would collapse. Mao statues would be toppled by street riots.

Very interesting article. Check it out!

**Blueneck** · 22nd November 2009 04:06 PM

Lately I keep hearing people refer to our situation with China, and they keep saying that to the Chinese, the US is "too big to fail". In other words, if we go down, they go down with us.

**bluesman** · 22nd November 2009 06:20 PM

[quote name='Blueneck' date='22 November 2009 - 06:06 PM' timestamp='1258931185' post='65249']

Lately I keep hearing people refer to our situation with China, and they keep saying that to the Chinese, the US is "too big to fail". In other words, if we go down, they go down with us.

[/quote]

If it gets bad enough maybe we could borrow some money from them and give them a bailout.

**michaelr** · 22nd November 2009 06:24 PM

[quote name='nonsqtr' date='22 November 2009 - 01:45 PM' timestamp='1258926331' post='65217']

http://www.telegraph.co.uk/finance/c...d-economy.html

Very interesting article. Check it out!

[/quote]

I am not so sure China is the economy's biggest threat, I will have to read the article. I do know that Japan has been dealing with a severe second contraction, and they will be for defaulting real damn soon. That is your newest and for the time being, your greatest threat.