| I'd also strongly recommend these articles by the economist Henry CK Liu, with specifics on how China can productively "break the dollar hegemony" that is causing China so much damage, and leading Chinese citizens to lose so much wealth to borrowers in the United States: http://henryckliu.com/page165.html http://henryckliu.com/page166.html He talks a lot about gradually shifting out of US T-bills and into the Chinese domestic economy, not just domestic consumption but domestic infrastructure, science and research (with good intellectual property protection and contract law), as I discussed above. |
Table Tennis is the National Sports of China