Analysis argues U.S. will outpace China due to energy dependency and overleveraged investments
By
Louis Navellier
Summary
The article argues that despite China's economic growth ambitions, the U.S. will continue to outpace China due to China's critical energy dependency on foreign oil imports, which must travel through vulnerable maritime chokepoints controlled by U.S. allies. It also claims China overextended itself financially through massive infrastructure and industrial initiatives like the Belt and Road Initiative and Made in China 2025, accumulating debt and building excess capacity.
Source
bskyAnalysis argues U.S. will outpace China due to energy dependency and overleveraged investmentsbit.lyKey quotes
· 2 pulledChina is horrifically dependent upon the ports of others
China also hugely overspent on its 'Belt and Road Initiative' and 'Made in China 2025,' goosing its GDP higher based on debt, erecting empty buildings, and making empty promises
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