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You could make a good argument that investing primarily in the largest one country that is 24% of the world economy is adequate only if you have faith that the other 76% of the world economies are in sync with the US.

Granted. However, as a general observation, it is almost always the case in any field that the big kahuna is, well, the Big Kahuna and everybody else is the tag-alongs.

There's an old saying: "When America Sneezes, the World Catches Cold"

Regardless, in making such an argument it's a whole lot different to say "I'll invest primarily in the country with 25% of the world GDP." vs. "I'll invest primarily in the country with 4% of the world GDP." To a US citizen, home country focus is a good proxy for worldwide focus.

Depends on where you get your data from. It's interesting to me that the country's GDP as compiled by the International Monetary Fund, World Bank and United Nations are all pretty consistent estimating China's GDP as approximatly 64% of the US's. But the CIA estimates China's GDP almost 20% larger than the US GDP.

Yeah, well, the CIA doesn't have such a good track record.

One thing we know about communist & dictator countries is that they lie about finances. So I don't have a lot of confidence in what China says about their economy.
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