5 Reasons NOT to Fear China (and 3 Reasons to Still Worry)

In the 1980s, many Americans feared that fast-growing Japan would supplant the U.S.

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In the 1980s, many Americans feared that fast-growing Japan would supplant the U.S. as the world's biggest, most dynamic economy. Those fears abruptly disappeared when the Japanese economy stumbled in the 1990s, only to be resurrected in the new century with a new rival: China.

With the world's largest population and an economic boom unleashed by the end of Communist controls, China seemed destined to overtake America as the world's richest and most powerful nation. But just as the threat posed by Japan 30 years ago turned out to be overblown, the threat China poses today may be less dire than it appears, despite ominous headlines these days about the trade war between Washington and Beijing.

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Contributing Writer, Kiplinger's Personal Finance

Andrew Tanzer is an editorial consultant and investment writer. After working as a journalist for 25 years at magazines that included Forbes and Kiplinger’s Personal Finance, he served as a senior research analyst and investment writer at a leading New York-based financial advisor. Andrew currently writes for several large hedge and mutual funds, private wealth advisors, and a major bank. He earned a BA in East Asian Studies from Wesleyan University, an MS in Journalism from the Columbia Graduate School of Journalism, and holds both CFA and CFP® designations.