[adventured]

I agree, China will create an economic blackhole effect in the near future. They've accumulated between $25 trillion and $45 trillion in new debt in the last seven years (depending on which analysts you listen to), and are strictly reliant on trillions in new annual debt at this point to continue their fake GDP growth. Their real estate market is crashing. They have a demographics nightmare looming. The age of robotics replacing low value manual labor has arrived. And to top it off, China has half a billion farmers that are effectively unemployed with no future prospects.

I'd argue they stopped growing in real terms years ago. Most of their added GDP the last five years has been purely low value debt derived 'growth.'

Also, the last time the US Dollar behaved like it is now, it caused a large emerging markets crash, and it's likely that will be repeated again (if to a lesser degree).

http://www.bloombergview.com/articles/2015-03-16/strongly-ri...

The countries that benefited hugely from China's rise, will suffer as China's boom turns into decades of stagnation. That will include Singapore, Australia and much of Asia in general. I think given China is repeating Japan's debt mistakes, and has a similar demographics problem (but much worse given the extreme poverty covering 2/3 of their population), China will at best probably mimic Japan's post 1980s stagnation.