News Snapshot:
Today, the U.S. is the world’s largest debtor; China is the largest creditor. When it comes to manufacturing, China already displaced the U.S. a decade ago. China’s trade policies are not a matter of simply creating more wealth for China, but as with most things that China does, a way to increase China’s power and other countries’ dependency on it. (Image source: iStock) The administrator of A CROOKED PATH amended the original heading of the following commentary. The original heading was “China Is Winning the Economic Race with the U.S. — The Consequences Will be Profound.” The administrator of A...
