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...
Absolutely. How old is China as a Nation of people civilized since humanity became the New World Order beyond natural world order of adapting as displaced since rotation of conception? How long has America existed as a historical human reality?
 
Mott the Hoople said:
It’s not just that. COVID impacted China more than any nation from an economic standpoint. COVID severely interrupted international supply chains and the developed nations who were exploiting Chinas cheap labor discovered the hard way just how unreliable these long distance supply chains can be when billions, if not trillions of dollars were lost due to the loss of these supply chains.

That’s also why we’ve seen robust domestic growth in manufacturing as a result of the unreliability of these long distance supply chains became not only an economic disaster but a national security one as well.

I wouldn’t count China out but I do agree with your observation that Chinas incredible economic growth days are over and, not unlike what happened to Japan in the 80’s and 90’s only to reach a critical mass where their economy flat lined and has remained that way for nearly 30 years.
Click to expand...
Yup.

I think, if not for Covid, China might still be on that amazing growth run.

But when you growth is fueled mainly on mass of debt, under the theory that the growth it will promote will allow you bury the debt and minimize it, then any disruption, can cause havok quick. If not covid, it could have been many other recessionary triggers that did it.

But China is not wrong to grow that way, even if they are on the aggressive side of it. With such a massive population in the lowest class, the entire country will benefit massively by helping them all get to the middle class. Just as the biggest wealth building era's for the US were when the investments on the middle class were highest, driven by huge infrastructure and other projects that provided generational returns to the country.

China will eventually move back in to a Bull cycle and the growth will again be massive. They will one day, be the biggest economy on the planet. It is pretty much inevitable. but they might well suffer now stagflation, similar to what Japan is just breaking out of, that they suffered the last 30 years.
 
QP! said:
Yup.

I think, if not for Covid, China might still be on that amazing growth run.

But when you growth is fueled mainly on mass of debt, under the theory that the growth it will promote will allow you bury the debt and minimize it, then any disruption, can cause havok quick. If not covid, it could have been many other recessionary triggers that did it.

But China is not wrong to grow that way, even if they are on the aggressive side of it. With such a massive population in the lowest class, the entire country will benefit massively by helping them all get to the middle class. Just as the biggest wealth building era's for the US were when the investments on the middle class were highest, driven by huge infrastructure and other projects that provided generational returns to the country.

China will eventually move back in to a Bull cycle and the growth will again be massive. They will one day, be the biggest economy on the planet. It is pretty much inevitable. but they might well suffer now stagflation, similar to what Japan is just breaking out of, that they suffered the last 30 years.
Click to expand...
probably not.

middle class people won't be the worlds slaves anymore.
 
https://twitter.com/x/status/1803152693386502541

A dose of hard reality for the "G7"Chinese Foreign Ministry spokesman Hua Chunying delivers a dose of reality"The G7 does not represent the whole world. These 7 countries account for only 10% of the world's population. Year after year, their share of the world economy continues to decline .Even taken together, they contribute less to global economic growth than China, and their combined economic growth in purchasing power parity terms has already been surpassed by the BRICS countries.The G7 has long moved away from its original goal of coordinating efforts to ensure stability in the global economic environment and is increasingly becoming a political tool to perpetuate US and Western superiority. It's time to put an end to this. Our potential and economic growth will end the G7 once and for all."
 
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.
Click to expand...
no.

by and large they are.
 
QP! said:
Yup.

I think, if not for Covid, China might still be on that amazing growth run.

But when you growth is fueled mainly on mass of debt, under the theory that the growth it will promote will allow you bury the debt and minimize it, then any disruption, can cause havok quick. If not covid, it could have been many other recessionary triggers that did it.

But China is not wrong to grow that way, even if they are on the aggressive side of it. With such a massive population in the lowest class, the entire country will benefit massively by helping them all get to the middle class. Just as the biggest wealth building era's for the US were when the investments on the middle class were highest, driven by huge infrastructure and other projects that provided generational returns to the country.

China will eventually move back in to a Bull cycle and the growth will again be massive. They will one day, be the biggest economy on the planet. It is pretty much inevitable. but they might well suffer now stagflation, similar to what Japan is just breaking out of, that they suffered the last 30 years.
Click to expand...
nothing's inevitable.
 
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...
do better.

pain is coming.

stupidity is punished.

I am rich.

I suck dick.
 
You must log in or register to reply here.
Back
Top