China's Subprime Crisis Is Here
The American media seems to jump at any opportunity to dismiss China as an economic threat.  It makes us feel more secure but leads to a public informed only about one side of China&#x27;s story.  Namely the part our ego can handle.  China has regularly surpassed the US in number of cars sold since 2009.  China also holds more US debt than any other country.  Another way to put that is the US government owes China over 1 trillion USD.  This, I believe, is the real reason the American media trips over themselves to write stories that sooth away the nagging fear that China is, or even already has surpassed us economically.<p>Edit: more interesting facts.<p>- China&#x27;s percent GDP growth is more than twice that of the US. (7.4% vs 2.4% in 2015)<p>- China&#x27;s government has $3.9T in cash reserves vs the US&#x27; $434B.<p>- China has twice as many children enrolled in primary and secondary school and 50% more undergrads than the US.<p>We can only say but, but, but for so long.