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UYA Post time: 2018-7-30 04:20
China provides significant trade all over the world.
To say China does not have suc ...
China provides significant trade all over the world. To say China does not have such global influence, is just "wrong".
Now you are talking of two different issues. Yes, China is a big source for cheap trade goods, but in terms of global financial stability (short or long term), far bigger source for that stability from China is the trade (and political) protectionism that China practises - and it does not translate to well-being of global citizens, only to global GDP average.
Explain, what long term policy does the US have?
To begin with, 4 years post limit for presidency (with option for 4 more) and similar terms for other politicians. Whether people like Trump or his policies or not, we will get rid of his person in a few years anyway, and his successors may or may not learn from his successes and failures.
As I wrote in my earlier comment in this thread, the differences of financial systems cannot be separated from differences of political systems, especially when talking about China in comparison to almost any other country.
While China clings to single party rule, it's political landscape beyond that is far less stable than in USA for example. Developments within past year, decade, or century are examples of that. Whether it is because of that or not, Chinese state seeks to enforce stability within the financial system instead.
In USA (and elsewhere) it is the other way around. The political system is more stable, while financial system is more self-governed by market mechanisms. States there usually try to steer the financial system by taking part in the market mechanisms, instead of controlling the system directly.