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
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Probably. Communists are shit for economies.
Blackwater Lunchbreak said:
Sell me on Chinese leadership.
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It's shitty.
 
Minister of Truth said:
Probably. Communists are shit for economies.

It's shitty.
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It's already happening.

China's 'economic miracle' became it's own destruction. Money velocity is almost nil. Most with a lot wealth are trying to expatriot their wealth as fast as possible, and trying to get out of China. Those that can't leave or can't afford to leave are entrenching on their farms with their families.

The government has been trying to built it's way out of it's own predicament it made for itself, constructing cities for no one to live in, grandiose projects that few will benefit from, and is not trying military adventurism to steal the wealth from capitalists in Taiwan.

Communism does not create wealth. It can only be sustained by stealing the wealth of others.
 
Hawkeye10 said:
https://twitter.com/x/status/1811633407996162405
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Chinese-EV-graveyard.jpg


Yet another huge graveyard of brand new EVs, because no one is buying them.

The EV market is collapsing, Chicom.
 
China Reels From Banking Crisis

At least 40 high-risk Chinese banks have been lost to mergers in the first six months of this year alone as local lenders buckle under exposure to debts, according to reports.

Small and medium-sized banks, long an integral part of poor towns and villages, numbered 1,636 at the end of last year, according to government statistics, comprising about 40 percent of China's total number of banking institutions.


Many of these local lenders have been hit hard by China's economic slowdown, in particular exposure to the debt crisis roiling the country's real estate market, which earlier this year saw a Hong Kong court order property developer Evergrande to liquidate.

The number of smaller banks that had buckled as of June 24 is four times the number that shuttered in the whole of 2023. The trend is only expected to accelerate as restructuring picks up pace, financial news agency Yicai Global cited industry insiders as saying.

www.newsweek.com

China reels from banking crisis

Mergers are gobbling up failing local banks weakened by exposure to troubled sectors of the economy.
www.newsweek.com www.newsweek.com
 
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
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they're taking their debtor countries resources and land.

its called imperialism. in the modern world it's done through fake money domination.

protetionism is what's called for.
 
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...
China's potential to overtake the US has been hampered by recent economic challenges. After a strong recovery from the pandemic, China now faces slowed growth and reduced global influence, while the US has bounced back robustly.

Analysts suggest that even if China continues to grow, it may take longer than expected, or it might never surpass the US economically.

The US retains strong soft power and geopolitical advantages, making it unlikely for China to surpass the US as the leading global power in the near future.
 
nadiabarra said:
China's potential to overtake the US has been hampered by recent economic challenges. After a strong recovery from the pandemic, China now faces slowed growth and reduced global influence, while the US has bounced back robustly.

Analysts suggest that even if China continues to grow, it may take longer than expected, or it might never surpass the US economically.

The US retains strong soft power and geopolitical advantages, making it unlikely for China to surpass the US as the leading global power in the near future.
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we still need massive tariffs.

say yes to the Trump Reciprocal Tariff Act.

www.yahoo.com

Trump Vows to Boost Reciprocal Tariffs on Imports If Reelected

(Bloomberg) -- Donald Trump said he will impose tit-for-tat tariffs if he is reelected president, reiterating one of his isolationist policy goals that has already raised concern at home and overseas. Most Read from BloombergChina Scraps Premier Li's Briefing, Breaking Years of ConventionWall...
www.yahoo.com www.yahoo.com
 
serendipity said:
China Reels From Banking Crisis

At least 40 high-risk Chinese banks have been lost to mergers in the first six months of this year alone as local lenders buckle under exposure to debts, according to reports.

Small and medium-sized banks, long an integral part of poor towns and villages, numbered 1,636 at the end of last year, according to government statistics, comprising about 40 percent of China's total number of banking institutions.


Many of these local lenders have been hit hard by China's economic slowdown, in particular exposure to the debt crisis roiling the country's real estate market, which earlier this year saw a Hong Kong court order property developer Evergrande to liquidate.

The number of smaller banks that had buckled as of June 24 is four times the number that shuttered in the whole of 2023. The trend is only expected to accelerate as restructuring picks up pace, financial news agency Yicai Global cited industry insiders as saying.

www.newsweek.com

China reels from banking crisis

Mergers are gobbling up failing local banks weakened by exposure to troubled sectors of the economy.
www.newsweek.com www.newsweek.com
Click to expand...
the CCP will probably collapse the government like our deep state is doing.

what's notable is the number of Chinese held corporations who are heavy on mining and agriculture globally.

the threat is in the private sector from massive internationalists seeking to collapse all governments to the size of just enforcing THEIR property rights to things they bought with fake money, that they charged to you also.

the real new world order is the libertrarians and their "oligarchs are the victims" mentality.
 
Into the Night said:
By and large, they aren't.
A few monopolies, such as DuPont, do get government welfare and market interference. That's fascism. Pretty damn rare, though.

You mean those same Libertarians that nominated a leftist as their candidate?

Corporations are not fascism. Redefinition fallacy. Corporations are not monopolies. Redefinition fallacy.

Corporations are not evil.
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no.

by and large they are.
 
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