Do we wish for China to prosper?


China has done great in the past decade, however it is coming to a point where its industry has peaked and its growth rate is slowly falling. What we need to decide in the Western World is whether we want China to succeed?

Your first thoughts as an American may be, “No way, America is the greatest nation the world has ever seen, and we don’t want China overtaking us.” Many Americans (and to some extent Europeans) don’t want to see China overtake the rest of the world, although the large majority are convinced it will. Some people, especially Americans, want to see China fail so that there country remains “wealthier and better.”

However I warn these people that the failure of China could lead to the failure of the Western World, since so the Western World, especially America relies heavily on Chinese loans and without these loans the Western world could falter.

Personally I want China to prosper, enough so that the Western world keeps getting its funds, but I also want to see other developing nations rise up and become industrial superpowers.

I know the below question is very general, but I would like to see what you think about the issue I have briefly presented, so please answer the below question. I acknowledge the below question is very narrow, so feel free to comment your reasons behind your vote and any other opinions you may have.

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This entry was posted in Money, Multinational Issues and tagged , , , , , , . Bookmark the permalink.

One Response to Do we wish for China to prosper?

  1. jan says:

    Great web site. Plenty of useful information here. I’m sending it to a few pals ans also sharing in delicious. And obviously, thank you on your sweat!

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