For many decades, the U.S. has been the world’s economic leader. Our economy is the largest and most robust. One country that has been steadily catching up in that area is China. China now has the second largest economy in the world. It seems that we will be in competition with China for a long time to come.
One thing that is good for us is that China has its own problems as its growth expands. Their banks hold a number of loans, but many of these loans may fail. They also have problems with the environment that will cost them billions of dollars to fix. All in all, we will lead the world for a time to come in economics, but we must take measures to stay in the lead.