Is China Today the U.S. of 1929?

``... there are striking similarities between the U.S. circa 1929 and China today. Both were/are creditor nations with massive trade surpluses, and both sit/sat astride the decline of the prior world power, which was the U.K. in 1929 and is the U.S. today. Most importantly, however, the U.S. in 1929 had an opportunity, as does China today, to use its economic power to drive the financial system to a new post-crisis place.''