DukeOfDefense
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- Sep 2, 2010
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Countries like US,India,Japan and groups like EU have a huge leverage that china keeps forgetting.IMPORTS. Once these countries turn off the import tap from china, the asian giant is going to fumble head on into an economic ditch.
I think it's worthwhile to point out to all members that China is just as dependent on exports to Europe/America as Europe/America is dependent on China buying its debt. If America embargoes China, China can request all its money back, and promise to never again buy US debt, which would bankrupt the US and China.
Both nations have huge leverage over each other.