One of the Top World Power Could Possibly be Deteriorating...

     Through out all the economic turmoil, China was one of the very few who rose above it all. However, could all their success come to an end? Many are speculating, that China will endure a downfall to their economy. Reported by The New York Times, China could possibly face a major threat to their future...

But a growing number of economists now worry that China — the world’s fastest growing economy and a pillar of strength during the global financial crisis — could be stalled next year by soaring inflation, mounting government debt and asset bubbles. 

Two credit ratings agencies, Moody’s and Fitch Ratings, say China is still poised for growth, yet they have also recently warned about hidden risks in its banking system. Fitch even hinted at the possibility of another wave of nonperforming loans tied to the property market.

Naturally attracted to mass produce products, China may steer its economy towards domestic consumption, in hope to create a more balanced and sustainable growth. However, could this lead to their own demise? Inflation is being to take over, showing grave signs of a decrease in China's power. Not only is this a worry some thought for China's future, but to our future as well. Since China is the main supporter and keeper of the United States Treasury debt, any slowdown would also hurt American companies. China is always in constant demand for various resources, and this threatening outlook on their future could only lead to a problematic economy.