Lol the day an outsider owns the largest bank in America will be the day we are no longer a hyperpower.
That day is not far away. Chinese sovereign funds are huge and they need a home.
Besides, we prolly only have 20-25 years left.
You mean 20-25 years left in our dominance?
I don't think so. China's still growing so fast because it still has room to grow fast. Also, there are too many domestic problems in China that will prevent it from overtaking the US. It will be a very challenging rival, no doubt, but won't overtake us.
ETA: Actually, I think you meant that China will have the largest bank, right? I think international bank penetration into China will be extensive enough for this not to happen either, though in total China may have the most assets (though this won't be for a long time since it's still such an impoverished country).
20-25 years left in our dominance. No doubt in my mind about it. The change in their international influence in the last 5 years alone is unbelievable. No country has ever, in the history of the world, grown so fast -- economically and in terms of intl influence. Ever. And they haven't even started yet.
As for their so-called domestic problems, they only have one -- the problem of internal migration from country to city. The rest of it -- democracy, etc -- is just a bunch of hooey hyped by american cable news.
I wasn't even thinking about politics or culture when I was talking about their domestic problems. I was more focused on population size and environmental degradation, not to mention ever-increasing competition between them and India for resources, and the three-way fight between China, India, and Japan for regional supremacy, with Russia as the wild-card.
The US has and always will have the blessing of geographic isolation and regional stability. China will never have that.
Also, China doesn't even come close to reaching the productivity and innovation of the US, and the products they do produce are of questionable (even deadly) quality.
And while their influence is spreading, it's nowhere near what the influence of the US is. I very much think the power of China is incredibly overstated. Even China realizes its own limits, which is why its long-term military strategy is not to develop a military that can defeat the US, but rather one that can cause heavy damage to the US in the case of a US-led invasion on the Chinese mainland. That's a far cry from the military strategy of a true global power.