China will be greater concern for next president
Lewis DiuguidHowever the vote Tuesday turns out, the next president of the United States will have his hands full with China.
The country with 1.3 billion people on Thursday will see Xi Jinping rise to become the country’s new leader. The New York Times reports that the 59-year-old Xi is expected to follow China’s more aggressive, nationalistic position in Asia.
That also could mean China will put up with none of the tough talk from the U.S. about China being a “currency manipulator” or accept challenges from other countries in Asia over land ownership. China certainly has the financial clout and solid hammer to pound the U.S. over America’s growing indebtedness to the communist country.
Another problem is China’s shrinking economy. That could cause China’s new leader desperate for political capital to be more assertive in exercising his authority.
The next U.S. president might then really be accused of going on an apology tour direct to China.
A country with nearly 20 percent of the world’s population, holding a lot of the U.S. debt, buying loads of U.S. exports and shipping even more imported goods into our country could really throw its weight around if it wanted to do so.
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