Ofcourse not! If China's economy fails it will have a disastrous consequences! And I am afraid the worst affected would be it's neighbours, especially India. If China goes down they are sure to take India down with them. Atleast they will attempt to do so. They will start to spend more on covert activities and sponsor other states like Pakistan to destabilize the subcontinent and rekindle the territorial disputes. If for no other reason it will just be to reassure them that India's economy doesn't surpass theirs....so they will make sure that India spends more on weapons. I think it may trigger a huge arms race.
It will affect the US too albeit in a different manner. For the US the consequences will not be so dire, as only the consumer market paradigm will change. But in the long run it may even bring some jobs back to the US. So it may not be as bad for the US as it will be for China's immediate neighbours.
Ofcourse not! If China's economy fails it will have a disastrous consequences! And I am afraid the worst affected would be it's neighbours, especially India. If China goes down they are sure to take India down with them. Atleast they will attempt to do so. They will start to spend more on covert activities and sponsor other states like Pakistan to destabilize the subcontinent and rekindle the territorial disputes. If for no other reason it will just be to reassure them that India's economy doesn't surpass theirs....so they will make sure that India spends more on weapons. I think it may trigger a huge arms race.
It will affect the US too albeit in a different manner. For the US the consequences will not be so dire, as only the consumer market paradigm will change. But in the long run it may even bring some jobs back to the US. So it may not be as bad for the US as it will be for China's immediate neighbours.