As it was informed by "Market Leader (US)"
Tips For Investors: What Is True And Delusive About China’s Strength And USA’s Weakness?
As numerous economic issues become more evident, investors keep pondering on the struggle between the USA and China for the status of the world’s most powerful economy. The USA has been the most powerful economy in the world for the last 70 years (it succeeded the weakened UK after WWII), adjusting the world for its own needs (from making the US Dollar the global reserve currency to spreading “democratic values” around the world, both in politics and culture).
However, everything changes. More and more experts start questioning the USA’s ability to preserve its global leadership. Maybe it is time for China to take over the initiative?