China's Future Projections Part 2

As well as issues with government, China also faces other issues with its future, such as inflation, debt, and asset bubbles. Even though a majority of Americans are afraid that China will overtake the U.S., if it hasn't already, China may not be the insurmountable world leader that many believe it to be due to its governmental issues which I covered in the previous post, and other economic issues.
Before I begin talking about how China is unstable economically, I would like to point out that the skepticism of China's future success does not come from a single source. My previous post was based on a video on PBS, and this post is based on an article by David Barboza, entitled "As China Rolls Ahead, Fear Follows," in the December 12, 2010 issue of the New York Times. The two separate sources that cover China's possible future instability signifies that people from more than one perspective are seeing China as less of a train headed for instant success and more as a train that will face some obstacles that might hinder it or even cause it to crash.

A growing number of economists now worry that China — the world’s fastest growing economy and a pillar of strength during the global financial crisis — could be stalled next year by soaring inflation, mounting government debt and asset bubbles.

While China's possible issues with their economy may be a good sign for the United States, it can also be bad news for the U.S. because our economy is dependent China's economy, so if their economy begins to fail, then ours will fall into an even deeper hole. Hopefully within the next week or so America finds some sort of solution and we can be out of debt to China and will no longer be in a recession. The End.