The world will be looking to China as a stable partner while the US voluntarily dismantles its economy and very possibly its political system.
So yeah, the US absolutely got outplayed here.
The us is currently one of the most stable economies, so there's a long way to go.
I think it's unlikely that the world will pick an economic partner that:
- builds 90% of the new coal fired plants while the rest of the world (including the US) is decarbonizing
- has 280+% debt to GDP ratio
- has capital controls on its currency (the real exchange rate could change suddenly at the drop of a hat)
The us is currently one of the most stable economies, so there's a long way to go.
I think it's unlikely that the world will pick an economic partner that:
- builds 90% of the new coal fired plants while the rest of the world (including the US) is decarbonizing
- has 280+% debt to GDP ratio
- has capital controls on its currency (the real exchange rate could change suddenly at the drop of a hat)