Daily Reckoning, Released on 9/25/25
The answer is both. The most important
Jim Rickards: Is China A Rising Power Or A Falling Star?" data-toggle="tooltip" title="Share on Facebook" rel="nofollow">Share on Facebook
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Rickards shows his ignorance and anti-Chinese bias when he begins his article with “Will China rise to true great power status with a developed economy, high-value added manufacturing and military parity with the U.S.?” China has already far surpassed the US in most industrial indices. I doubt Rickards has ever been to China. https://www.youtube.com/watch?v=4-XDxCb92X4
The US has spent $14 trillion on fighting foreign wars this century. China has spent its money raising 800 million of its people from poverty and building a remarkable infrastructure that makes the US look 3rd world. https://www.youtube.com/watch?v=VV2SxUoJCVI China has built 28,000 miles of high-speed rail lines https://www.youtube.com/watch?v=belm4kDAHgM
China’s Shipbuilding Capacity is 232 Times Greater than the United States.
https://www.youtube.com/watch?v=i-MuqNvec04
https://www.youtube.com/watch?v=MCXUZMTLjZU