China will not CollapseEveryone has been led to believe China is collapsing. They are transitioning their economy To A domestic service based consumer. Their is big growth in their high tech space and other areas. Their midde class is around 300 million people right now. Its expected to rise to 500 million in next decade.
The truth is they do not need much from the US. look at the trade deficits. Canada has lots of resources to offer. But China has long complained about our high labour costs that keeps them from investing. Hence why they are weakening the loonie.
They are becoming the world leader. "He who has the gold makes the rules"