Reverend Bones
Pikachu is of the devil!
.China's economy will double in 11 years and there population will peak in 2032. They spend massively on infrastructure spending and are increasing military spending. They have the best trade policy in the world. They have a better business environment then the EU or the United States. Europe currently suffers not from demographic problems but do to a bad business environment. China has a shrinking labor force. A shrinking labor force puts downward pressure on unemployment and upward pressure on wages which should make a country temporarily better off. Until Europe gets its unemployment down why would anyone think there problems are demographic? More people would mean higher unemployment. Bad demographics only matter and are real once you reach full employment. More people would just mean more unemployment. Unemployed people cost governments money as do people with low wages. The money that gets spent on the unemployed could go to secure social security, pension plans and health care. Does anyone think that China will not be able to prosper during a demographic collapse? Fewer people means fewer problems for a government. Fewer people should help ensure food security and energy security. China's ability to import natural resources is not hurt by demographic crises and the fewer people the less resources it needs. Obviously after over a century of population decline a country may be finished off. China's birth rate is higher than Western Europe’s and China may have advantages in reversing the birth rate after its population peaks. Until a country achieves full employment it is not suffering demographic problems yet. Countries in demographic crisis should have labor shortages not high unemployment. China is a great power with vast resources and nuclear weapons. It has allies throughout the world. It has rapidly industrialized and is the largest exporter. China is moving up the economic ladder and in 20 years will be a leader in innovation. If they do truly head down the same path as Japan then their economy would one day be over twice the size of the U.S. It will be easy for China to have a larger economy then the U.S because they have over 4 times as many people as the U.S. 70% of the U.S economy is based on the consumption of goods and services. How hard do you really think it is for the Chinese to consume half as much as the average American? An economy is mostly manufacturing, agriculture and the consumption of goods and services. America's edge in business and technology innovation adds little to GDP in any given year. Every technology that is invented China will eventually end up with it. Every new business practice will be analyzed by Chinese businesses. For China to speed past us after achieving a larger economy is unlikely. There are limits to growth and the U.S economy will not stand still. Will China's population declines America's will continue to grow. The U.S is larger than China because of Alaska and the U.S has more natural resources.
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