US Economy Outpaces China's While Tensions May Ease
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The US economy is growing faster than expected while China's economy appears to be in distress, signaling the US is pulling ahead economically.
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Eswar Prasad says the US economy's resilience and China's declining workforce and property market uncertainty explain the countries' diverging trajectories.
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Tensions between the US and China may ease as China's weak growth makes it more eager to reduce trade hostilities.
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Investors should know the Chinese government is trying various fiscal and monetary measures to prop up the economy, but confidence remains weak.
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The NSA has been buying Americans' web browsing data from commercial data brokers without warrants, raising privacy concerns.