China having problems is likely good from a political perspective, but China having an economic collapse is going to hurt the rest of the world pretty badly too. They're still the single largest exporter in the world.
It's hard to ignore countries that make up 1/6th of the world population.
China could lose a billion people and still have a larger population than the US.
I'd argue (as a Canadian) that we shouldn't be relying so much on the US either... it has some serious social issues it's refusing to address too.
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