From John Mauldin’s Outside the Box: The Geopolitics Of China:
China has placed itself in a position where it has to keep its customers happy. It struggles against this reality daily, but the fact is that the rest of the world is far less dependent on China’s exports than China is dependent on the rest of the world.
This is a great article from Stratfor on China, exploring their military and economic position in the context of geography. After reading this, the issues surrounding possession of Tibet and Taiwan make more sense.
Though my fears over China’s influence on global currency markets are still going strong. If anything, wouldn’t a China in economic decline be motivated to weaken their trading partners (like the U.S.) in order to make, i.e. naval invasion, more difficult?
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