dunno if that is quite what that means, yukon. have you considered that the chinese economy is run on dollars, and that by extension of that, we 'own' them?
this is what imperils your 10 year time frame in my opinion, but despite that, i'm not surprised to see so many jumping on the china bandwagon. china's growing pains will entail transitioning the yuan to its own legs. in this 10 years, theyll have to deal with the disparity of income in their country and their signature strife every time the east coast of the country enjoys concentrations of wealth. thats what led to mao's lil book in the first place. what about them having no capitalist solution to their aging population with two parents per child? how will a decade play that concern out?
have you considered china's raw materials trade deficit and the essence that we 'own' them on that front too? how 'bout their impending recession? will their currency situation stagflate their recovery? will it take them as long as japan to recover from their US investment addiction of the 80s? have you picked up on the deflationary implications of all of this at once? as china eases off the buck that will bring about some welcomed inflation over here. how will that effect the competitiveness of chinese goods compared to the present no-brainer which so many have based their ten-year outlook on?
china's not down for the count, but without even touching on what they've got to overcome in military and diplomatic terms, economically, the country is considerably overrated at this point; it is evidenced in the bullish opinions here on the 'street'.
for every billion we 'owe' china, they've printed 7 billion renminbi on the back of it. who's got the leverage? i could tell you chinese school kids are already reading books from american authors, if that's supposed to indicate something.