A key point, as discussed in the Charlie Rose/Gordon Brown interview (above), is in the next 10-20 years when China's emerging middle class becomes consumers.
If the US is still in a position where its technology is superior and China's ~600 million new consumers demand and buy US technology, then it will result it massive US exports, windfall profits, and the perceived debt problem goes away.
Part of the US strategy is to make sure it's in a position where China's new middle class demand and buy US technology.
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A key point, as discussed in the Charlie Rose/Gordon Brown interview (above), is in the next 10-20 years when China's emerging middle class becomes consumers.
If the US is still in a position where its technology is superior and China's ~600 million new consumers demand and buy US technology, then it will result it massive US exports, windfall profits, and the perceived debt problem goes away. Part of the US strategy is to make sure it's in a position where China's new middle class demand and buy US technology.