China's Economic Train Wreck?

[Copernicus]

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Interesting article but I dont see the huge problem for China even if the author is correct. Even after a big bubble burst, China is armed with a technologically advanced and well trained workforce and armed with a modern industrial infrastructure. The net result of all this growth is a huge competitive leap forward regardless of any big bubble setbacks.

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Would you please answer a layman's (hopefully not stupid) question?

What happens if China's econonmy goes into decline and they can no longer continue to finance the U.S.'s budget deficit? What does that do to the U.S. economy and how does it affect how much the U.S. is able to import from China?

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Not much. Look back to what happened when the markets in Japan tanked and they held a ton of US paper and real assets. Their stagnation lasted more than a decade, during which our economy continued to outpace the rest of the world.