Financial predictors, having failed totally at their jobs, now have a new focus for us to think about: China.
China is not something we need to worry about. They do not have the legal infrastructure to enforce contracts from one end of the country to another. How can you build an economy on that? And contracts are only reflective of a snapshot in time based on who is in power at the time the contract is signed. Try making major business decisions based on that.
And that is setting aside the problems with innovation and risk-taking that are not rewarded in the Chinese culture, which are still present.
The United States has nothing to worry about from China.