China's Rise Parallels America's Decline, at Least on the Surface

by Benjamin Domenech on 10:38 am November 12, 2009

“Those who take pleasure in America’s discomfort point out that this global economic colossus has become shackled to the world’s largest pile of international debt and pulled down by a sinking currency. By common consent China is the chief beneficiary of the financial debacle and a serious challenger to US hegemony.” Inevitable, or illusion?

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