Within 20 years many investors are predicting that China will grow to be the world's largest economy, but they are unsure about the implications for the global market.
“In the short run, I’m incredibly bearish,” said Scott Frew, a general partner at Rockingham Capital Partners in Glastonbury, Connecticut. “China’s property market is a bubble without question, and one that must eventually burst.”
Despite the bubble, the long-term looks good for China's economy. At the current pace, China will race past the United States in as little as 10 years and we will have watched it happen. We relinquished our ability to produce goods through “free trade” policies that swept away the source of America's Golden Era. We did not rise with China as the “free trade” advocates promised, but rather reserved ourselves to the role of “consumer.” Through our eagerness to buy cheap imports, we have sold out our country and our future. There is no venom in these words, only truth. Without manufacturing, our country will continue to whither. If we continue to sacrifice our sovereignty and the livelihoods of millions of Americans for a quick buck, America will lose its competitive advantage for good. We have already lost it. We must get it back before it is too late.