[fooker]

>China's economy is highly dependent on Western consumption of their goods. If the US went into recession, and Americans significantly cut back on their consumption, which many of them certainly could afford to without going into poverty, wouldn't that wreck China's economy?

No, they will manipulate their currency or adjust prices so that more people from China and India buy that stuff. Adding a few hundred million consumers will not be that difficult with those measures.

[mywittyname]

The Fed manipulates US currency too. We just don't call it "currency manipulation" because, conveniently, the definition of currency manipulation is buying foreign currency. Buying up your own currency/bonds or increasing reserve requirements achieves the same result.