Has China squandered its golden opportunity to overtake the US?

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
Click to expand...
There is a great irony in your idea. China has existed for over 5,000 years while America only has been around 238 years,

Now China rebranded itself in 1949, but it is still China for the previous 4,762 years. How many generation gaps of the population are still Chinese and not european, african etc?

America was founded by all Old WOrld civilizations its ancestries seeked a new country that wasn't the tyranny it has always been as an empire or communist dictatorship last 80 years
 
Into the Night said:
Fixation. There is no 'side' of economic systems.
Click to expand...

  1. Supply-side economics​


    Macroeconomic theory
    Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. Wikipedia

    Share Feedback

  2. Supply-side economics - Wikipedia​

    https://en.wikipedia.org › wiki › Supply-side_economics
    Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, ... There is frequent confusion on the meaning of the term "supply-side economics" between the related ideas of the existence of the Laffer Curve and the belief that decreasing tax rates can increase tax revenues ...

  3. Supply-Side Economics: What You Need to Know - Investopedia​

    https://www.investopedia.com › articles › 05 › 011805.asp
    Sep 11, 2023Supply-side economics is a theory that maintains that increasing the supply of goods and services is the engine of economic growth. Additionally, it advocates tax cuts as a way to encourage job ...

  4. Supply-Side Theory: Definition and Comparison to Demand-Side - Investopedia​

    https://www.investopedia.com › terms › s › supply-sidetheory.asp
    Jun 27, 2023Supply-Side Theory: The supply-side theory is an economic theory holding that bolstering an economy's ability to supply more goods is the most effective way to stimulate economic growth . At a ...

  5. Supply-Side Economics: Definition, Does It Work, Examples - The Balance​

    https://www.thebalancemoney.com › supply-side-economics-does-it-work-3305786
    Supply-side economics advocates tax cuts and deregulation to drive economic growth. The Laffer Curve is the visual representation of supply-side economics. The opposite of supply-side is demand-driven Keynesian theory. President Reagan used supply-side economics to combat stagflation. It was dubbed "Reaganomics," for this reason.

  6. Supply Side Economics - Definition, Three Pillars, Laffer Curve​

    https://corporatefinanceinstitute.com › resources › economics › supply-side-economics
    Supply side economic policy postulates that there are three pillars that influence aggregate supply, thereby impacting economic growth. 1. Tax Policy. The main pillar of supply side economic policy is the amount of taxes charged on individuals and companies. By altering tax rates, governments incentivize its citizens to work and invest.

  7. Supply-side economics | Definition, Examples, & Ronald Reagan ...​

    https://www.britannica.com › money › supply-side-economics
    supply-side economics, theory that focuses on influencing the supply of labour and goods, using tax cuts and benefit cuts as incentives to work and produce goods. It was expounded by the U.S. economist Arthur Laffer (b. 1940) and implemented by Pres. Ronald Reagan in the 1980s. Supporters point to the economic growth of the 1980s as proof of its efficacy; detractors point to the massive ...

  8. Supply-Side Economics - Econlib​

 
Blackwater Lunchbreak said:

  1. Supply-side economics​


    Macroeconomic theory
    Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. Wikipedia

    Share Feedback

  2. Supply-side economics - Wikipedia​

    https://en.wikipedia.org › wiki › Supply-side_economics
    Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, ... There is frequent confusion on the meaning of the term "supply-side economics" between the related ideas of the existence of the Laffer Curve and the belief that decreasing tax rates can increase tax revenues ...

  3. Supply-Side Economics: What You Need to Know - Investopedia​

    https://www.investopedia.com › articles › 05 › 011805.asp
    Sep 11, 2023Supply-side economics is a theory that maintains that increasing the supply of goods and services is the engine of economic growth. Additionally, it advocates tax cuts as a way to encourage job ...

  4. Supply-Side Theory: Definition and Comparison to Demand-Side - Investopedia​

    https://www.investopedia.com › terms › s › supply-sidetheory.asp
    Jun 27, 2023Supply-Side Theory: The supply-side theory is an economic theory holding that bolstering an economy's ability to supply more goods is the most effective way to stimulate economic growth . At a ...

  5. Supply-Side Economics: Definition, Does It Work, Examples - The Balance​

    https://www.thebalancemoney.com › supply-side-economics-does-it-work-3305786
    Supply-side economics advocates tax cuts and deregulation to drive economic growth. The Laffer Curve is the visual representation of supply-side economics. The opposite of supply-side is demand-driven Keynesian theory. President Reagan used supply-side economics to combat stagflation. It was dubbed "Reaganomics," for this reason.

  6. Supply Side Economics - Definition, Three Pillars, Laffer Curve​

    https://corporatefinanceinstitute.com › resources › economics › supply-side-economics
    Supply side economic policy postulates that there are three pillars that influence aggregate supply, thereby impacting economic growth. 1. Tax Policy. The main pillar of supply side economic policy is the amount of taxes charged on individuals and companies. By altering tax rates, governments incentivize its citizens to work and invest.

  7. Supply-side economics | Definition, Examples, & Ronald Reagan ...​

    https://www.britannica.com › money › supply-side-economics
    supply-side economics, theory that focuses on influencing the supply of labour and goods, using tax cuts and benefit cuts as incentives to work and produce goods. It was expounded by the U.S. economist Arthur Laffer (b. 1940) and implemented by Pres. Ronald Reagan in the 1980s. Supporters point to the economic growth of the 1980s as proof of its efficacy; detractors point to the massive ...

  8. Supply-Side Economics - Econlib​

Click to expand...
Fixation. There is no 'side' of economic systems.
 
serendipity said:
Governments are finally waking up to the huge financial entrapment potential involved in the Belt and Road Initiative.

Having become the lender of first resort for many low or middle income countries through the BRI, China is now the world's biggest international creditor.

The true scale of the debt - thought to be at least hundreds of billions of dollars - is unknown. Many of the loans, given out by both public and private lenders, are shrouded in secrecy.

Now, from Sri Lanka and the Maldives to Laos and Kenya, countries are struggling with BRI debt. This puts the Chinese government in a tight spot.

A real estate crisis and liberal borrowing by local governments has already created a "debt bomb" domestically - it's estimated to run into trillions of dollars. A sluggish post-Covid economy and record youth unemployment have not helped.

China has restructured BRI loans, extended deadlines and forked out an estimated $240bn to help borrowers make payments on time. But it has refused to cancel the debt.

"For China to simultaneously engage in debt write-downs overseas while domestic economic issues are not fully resolved - it will be politically challenging internally to promote that," said Christoph Nedopil, founding director of the Green Finance and Development Center (GFDC), which tracks BRI spending.

This has marred Beijing's reputation. Some critics accuse China of engaging in "debt trap diplomacy" by luring poorer countries to sign up for expensive projects so that Beijing could eventually seize control of assets put up as collateral. This was the US' accusation over the controversial Hambantota port project in Sri Lanka.

Many analysts argue there is little evidence of this, but it has heightened fears that Beijing is using the BRI to undermine others' sovereignty.

https://www.bbc.com/news/world-asia-china-67120726
Click to expand...
the rich are paid off.
 
serendipity said:
Governments are finally waking up to the huge financial entrapment potential involved in the Belt and Road Initiative.

Having become the lender of first resort for many low or middle income countries through the BRI, China is now the world's biggest international creditor.

The true scale of the debt - thought to be at least hundreds of billions of dollars - is unknown. Many of the loans, given out by both public and private lenders, are shrouded in secrecy.

Now, from Sri Lanka and the Maldives to Laos and Kenya, countries are struggling with BRI debt. This puts the Chinese government in a tight spot.

A real estate crisis and liberal borrowing by local governments has already created a "debt bomb" domestically - it's estimated to run into trillions of dollars. A sluggish post-Covid economy and record youth unemployment have not helped.

China has restructured BRI loans, extended deadlines and forked out an estimated $240bn to help borrowers make payments on time. But it has refused to cancel the debt.

"For China to simultaneously engage in debt write-downs overseas while domestic economic issues are not fully resolved - it will be politically challenging internally to promote that," said Christoph Nedopil, founding director of the Green Finance and Development Center (GFDC), which tracks BRI spending.

This has marred Beijing's reputation. Some critics accuse China of engaging in "debt trap diplomacy" by luring poorer countries to sign up for expensive projects so that Beijing could eventually seize control of assets put up as collateral. This was the US' accusation over the controversial Hambantota port project in Sri Lanka.

Many analysts argue there is little evidence of this, but it has heightened fears that Beijing is using the BRI to undermine others' sovereignty.

https://www.bbc.com/news/world-asia-china-67120726
Click to expand...
our leadership has been bending over for china for 50 years.
 
You must log in or register to reply here.
Back
Top