China On Pace To Dethrone The US

‘Not sure whether China will be nice to self-ruled Taiwan? Wait until after the 19th National Congress of the Communist Party.
What’s in store for the hotly disputed, resource-rich South China Sea, where Beijing has taken a military and technological lead since 2010? Wait until after the Congress.
Coffee maker wouldn’t start today? Wait until after the Congress.
Wait. But you get the idea: This event, due to start Oct. 18, is monumental enough to put a lot of Asia on hold – and make it worry.’
That’s how Ralph Jennings opened his piece for Forbes on Wednesday. Humor aside, the point he’s making is the same one I made at the end of September – that China’s upcoming National Congress is a really big deal.

This post was published at Zero Hedge on Oct 8, 2017.