Nor is it only about the pace of China's growth, though any Asian exporter forced to choose between China and America would be inclined to choose the former; their trade with China is growing far more rapidly than trade with the United States.
I wouldn't say Niall Ferguson is an idiot, but, like Krugman, he has cultivated a public persona that uses simplistic (and often bombastic) arguments in order to pander to a popular audience.
I look forward to the day when automatic Chinese-to-English and English-to-Chinese translation is possible, and we hook Twitter up to Weibo and the kids everywhere tweet out the future.
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