Has China squandered its golden opportunity to overtake the US?

"We dont need to worry about the Chinese, they cant innovate"
The American elites during the 80's and 90's, understanding nothing.
 
The problem is that the United States' finance is too developed.

The financial industry produces profits faster than industry. This has increased wages and costs.

Industrial production in the United States is too expensive.

If Americans forcibly demand the return of manufacturing to the United States, the only result would be a complete loss of competitiveness in the global market for goods produced by American companies, as their high costs would prevent them from competing with goods from other parts of the world.
 
"The Chinese cant make good top line computer chips, all we gotta do to keep China down is cut off their supply!"

Barf....the Children in washington understand nothing....still.....they refuse to learn.
 
Jack Grealish said:
well，we don't have a Troll School....what is that...
please stop using this kind of alien language...
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If you are CCP you should just let me run flaming the failed leadership of America.....Me being on the alarms wont make a difference as it is too late for America to save itself....and facing how we have been betrayed by our own people tends to demoralize the people,....making the job of the CCP easier.
 
The really demoralizing thing is just how cheaply the American Elites sold themselves and America to the CCP.
 
Hawkeye10 said:
If you are CCP you should just let me run flaming the failed leadership of America.....Me being on the alarms wont make a difference as it is too late for America to save itself....and facing how we have been betrayed by our own people tends to demoralize the people,....making the job of the CCP easier.
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But I am not a CCP.
And CCP's job is focus on China ,not beating America.
China is not a rich country, we have a lot of problems, still a long way to go.
China will never be "the next America",never, we are just an ancient country located in the west bank of Pacific ocean,try to live our own life, We do not want to rule the world.
We are just a poor developing third world country. Please, no more conspiracy theory.
 
The CCP does not believe that Not Friends Of China have any right to the truth..... but they respect us Truth Tellers....the Han are far from stupid.
 
"Its nice to be back with my people" Mearsheimer says when he speaks with the Han....fellow reality based people....Not FantasyLand Creatures.

The Universe judges.
 
Jack Grealish said:
If you want to know about China's industry, I hope you notice that the Chinese stock market has not seen a rise for many years.
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The Russian stock market did spectacularly well during the Pre-Putin Western rape of Russia...which you know all about if you are Han.
 
Unlike Americans now the Han believe in education.

American schools have been turned into WOKE Religion indoctrination centers, particularly the universities, particularly the so-called elite universities.
 
serendipity said:
But does that mean China has lost its chance to ever overtake the United States?
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What does that even mean, i.e. to overtake the US?

serendipity said:
China’s gross domestic product (GDP) per capita, adjusted for inflation, surged from $293 in 1985 to more than $12,000 in 2021.
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Nope. Nobody trusts the numbers presented by China. The country appears ready to implode.

serendipity said:
Demographics, exports and capital investments made this economic miracle possible.
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Nope. Some clever propaganda made the illusion possible.

China fears its currency will tank any day now, and is in desperate panic mode to buy up as much of other countries' currencies as possible.

BUSINESS INSIDER

China's share of the global economy is falling by the most since Mao Zedong, and the historic turn could 'reorder the world'
Filip De Mott - Nov 23, 2023, 8:15 AM EST

* China's share of world GDP is on pace to shrink 1.4 percentage points over two years, Ruchir Sharma wrote in the Financial Times.

* It's the largest decline since the 1960s and 1970s, when Mao Zedong oversaw a weak economy.

* "In a historic turn, China's rise as an economic superpower is reversing," Sharma said.

The Chinese economy's decades-long run of tremendous growth has finally found its end, Ruchir Sharma wrote in the Financial Times.

Now, the world's second-largest economy accounts for a smaller share of global GDP.

"In a historic turn, China's rise as an economic superpower is reversing. The biggest global story of the past half century may be over," the Rockefeller International chairman said.

In nominal dollar terms — which Sharma argues is the most accurate measure of an economy's relative strength — China's share of world GDP began slipping in 2022 as strict zero-COVID measures remained in place for most of the year.

Despite expectations for a blowout rebound, China's share will fall further in 2023, hitting 17%. That puts China on pace for a two-year drop of 1.4 percentage points, a slide not seen since the 1960s and 1970s, when Mao Zedong presided over a weak economy, he added.

Back then, Mao's disastrous "Great Leap Forward" was still wreaking havoc on the economy. Not until new leadership pivoted to market-based reforms in the late 1970s did the economy start to turn around.

In 1990, China's share of the global economy was less than 2%, but by 2021 it had soared to 18.4%. Such a rapid increase had never been seen before, Sharma noted.

But with its current slide, China will account for none of the growth of global GDP over the past two years, estimated at a total increase of $113 trillion.

"China's decline could reorder the world," Sharma said. "Since the 1990s, the country's share of global GDP grew mainly at the expense of Europe and Japan, which have seen their shares hold more or less steady over the past two years. The gap left by China has been filled mainly by the US and by other emerging nations."

India, Indonesia, Mexico, Brazil and Poland will account for half the emerging-market gains, he added later, calling that "a striking sign of possible power shifts to come."

For its part, Beijing has maintained a 5% annual growth target and expects to meet it this year. The forecast is supported by the International Monetary Fund, which sees 5.4% growth for 2023.

But Sharma dismisses the use of real GDP growth as a metric, saying it leaves room for Chinese authorities to tweak the numbers to fit their outlook and obscure the possibility of a decline. In nominal dollar terms, the country's GDP will fall this year for the first time since 1994, he said.

Among key factors are growing government intervention in China's businesses, the ongoing debt turmoil, slower productivity, fewer workers, and the loss of foreign investors.

Still, Chinese President Xi Jinping has remained optimistic and hinted recently at a policy pivot while meeting with US President Joe Biden.

"But almost no matter what Xi does, his nation's share in the global economy is likely to decline for the foreseeable future," Sharma concluded. "It's a post-China world now."
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serendipity said:
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.
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One should take the reporting of India's population surpassing China's with a grain of salt. China's excessive population was one of its problems and China's government presents in its regular propaganda its "successes" in getting its population under control. You'll notice, that only China's propaganda reports on China's population. Nobody has independently counted China's population, yet China is in desperate panic mode to buy up farmland everywhere around the world in order to produce food that is destined directly for consumption by China's population, not to make any sort of business profit on the global market. These efforts have only accelerated, not declined, during the periods that China has claimed to have gotten the population under control and is somehow getting it to shrink. Always go by what China does, not by what it says.

serendipity said:
However, China’s economy has shifted from export-centric to a consumer-led, debt-fueled model in recent years.
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This is a tad of an understatement.

serendipity said:
This model is now at risk.
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You could say that.
 
who here thinks we should bail out china to promote global stability?

If i say it first, walt and queefpee% won't be able to...

:truestory:
 
Hawkeye10 said:
Unlike Americans now the Han believe in education.

American schools have been turned into WOKE Religion indoctrination centers, particularly the universities, particularly the so-called elite universities.
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Huge numbers of Chinese are studying in the USA, and far more want to study in the USA.

Chinese schools are spending more and more time on "correct political" thought. Even their military is spending a third of their time studying Xi Thought.
 
the dems davalued the coastal cities with pro crime policies so their chicom friends could buy them up cheap.

belt and road. sounds like a boby dylan song.

:truestory:
 
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