Dr Alf brings us an interesting article from the People’s Daily.
China holds much of America’s debt, is building shareholdings in Western companies, buying others outright and is buying land using offshore opaque structures around our key cities. They lack a Space Command like America’s but they are building up stakes in mining and minerals companies around the world.
In a World War III scenario, America might prevail but how would it occupy and control a country of 1.4 billion people?
Thus my thoughts to Dr Alf would be that China is more likely to be the winner in any trade war and holds most of the high cards. It cannot be contained and has lifted 500 million of its citizens out of poverty. Whereas, America has a growing wealth gap; 57% of the population earning too little to pay tax. And Europe and the UK, other than Germany, are exporting very little.
Time is on Xi Jin Ping’s side not Trump’s, nor May’s or Merkel’s.