But, I agree with Niall Ferguson that the two countries are, inevitably, headed for a divorce, the end of what he once called "Chimerica."
Having said that, China's government clearly seems to be moving toward what Ferguson calls "empire building," which could be detrimental to regional stability, the environment, and US interests.
For the future, the US government needs, among other things, to:
- Decrease its debt to China.
- Deepen or form strategic partnerships with Asian nations as a means buffering China's hegemonic designs in Asia.
- Wean itself off of oil, for which China is likely to become an increasingly aggressive competitor.
- Encourage Americans to save more and mortgage less of their financial well-being to the Chinese.