Has China squandered its golden opportunity to overtake the US?

Hawkeye10 said:
The thing that Western so called experts who make that claim either dont know or lie about is that Russia and China have financial managers who are far superior in competence to Western managers. Another thing that escapes them is that Russia and China have completely different systems than the West does...they never bothered to learn....which is why they were/are so wrong about sanctions against Russia.....which have hurt the West far more than they hurt Russia....in fact Russia is stronger because of them.
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It's not about 'financial management of an economy' Chicom. Fascism is NOT better than capitalism.
 
Into the Night said:
It's not about 'financial management of an economy' Chicom. Fascism is NOT better than capitalism.
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serendipity said:
I would say yes they have, but we all know what Hawkeye will say. He is in thrall to the Chicoms sadly.

For decades, China has seen relentless growth in power and economic prosperity. But there are growing signs that the economic miracle has ended and that the path to further growth in the years ahead will be more difficult.

But does that mean China has lost its chance to ever overtake the United States?

China’s gross domestic product (GDP) per capita, adjusted for inflation, surged from $293 in 1985 to more than $12,000 in 2021. Demographics, exports and capital investments made this economic miracle possible.

China’s enormous population — the largest in the world until India’s recently surpassed it — served as cheap labor for assembling goods that were exported aggressively. Meanwhile, the government invested heavily in infrastructure to support this export-led growth model and boost standards of living.

However, China’s economy has shifted from export-centric to a consumer-led, debt-fueled model in recent years. This model is now at risk.

Read more: https://finance.yahoo.com/news/china-squandered-golden-opportunity-overtake-110000713.html
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China is done.

Texas is beginning it's 10,000 year empire.
 
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