As of Thursday’s close, the MSCI Overseas China Index, which primarily tracks American depositary receipts in Chinese companies, had risen 24% this year, nearly recouping all of last year’s 27% loss.
By all reports the Chinese are on the verge of overtaking us as the largest economy in the world. After that our legitimacy and leverage are in jeopardy. It’s the same of every great Empire, complacency, relaxed education, and superiority complex’s lead to demise. I hope wrong.
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