Dictator nightmare as Chinese chase US stocks

Advertisement

Fast forward a decade, and could we see the diametric opposite of Hugh White’s dark prognostications of Chinese strategic dominance?

According to White a few years ago, the Chinese economy was growing so fast that military overlordship was inevitable.

Instead, today, the Chinese miracle is over as the property bubble bursts, stocks implode, debt deflation predominates, and supply chains repatriate.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.