JeffGu
Been here much more than a while
- Location
- Osceola, Nebraska
Lots of other countries loan the US money... default on China, and they instantly know just how much they can count on repayment of their own loans. That's generally not a good idea for an individual or an entire nation. It also affects the interest rates and terms of the loans that we do get, so a downgrade in our sovereign credit rating is an expensive thing to let happen.
China has been the fastest growing economy in the world for years, now... faster than both Japan and Germany after WW2... they produce more of the goods sold here than are made here... and nearly all US manufacturers either produce some of their products in China, or buy materials from them. If they choose to be dicks about it all, they can do a lot more damage to the price of goods here than we can do to their profit margins. They're going through a lot of growing pains, but they are very much aware of how their position is changing in the world, and treating them like a "shithole" nation isn't going to improve anything here.
China has been the fastest growing economy in the world for years, now... faster than both Japan and Germany after WW2... they produce more of the goods sold here than are made here... and nearly all US manufacturers either produce some of their products in China, or buy materials from them. If they choose to be dicks about it all, they can do a lot more damage to the price of goods here than we can do to their profit margins. They're going through a lot of growing pains, but they are very much aware of how their position is changing in the world, and treating them like a "shithole" nation isn't going to improve anything here.












