Originally posted by Mindgames
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China is no longer "playing catchup" with the West/Europe - it is passing it
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Originally posted by Hitman Hodgson View PostThe things you mention in your post are true, and although China's growth has been pretty miraculous, but there's no way they'll surpass America or Europe anytime soon.
It really depends on which tier of city you go to. Yes, their major cities are some of the most advanced in the world, but outside of them much of China hasn't changed in decades and 10s of millions of people still live in relative poverty, and don't have access to basic things that we take for granted her.
Not to mention, the huge real estate bubble, and poorly built ghost cities they have.
GDP 2000
China 1.2 Trillion
America 10.2 Trillion
GDP 2017
China 12.2
America 19.3
By 2030 China will overtake America economically at current growth rates.
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-China has had an economic explosion because of manufacturing and its advantage of low cost wages from billions of people
-China has a hive mind that has devalued personal innovation for thousands of years.
-China doesnt really invent or create much that hasnt been stolen from another country
-There is a robotic revolution on the horizon which will do away with China's economic advantage. Countries will manufacture at home
-China KNOWS this and subsequently has flooded the United States and Britains high learning institutions in an attempt to train their people to think for themselves (Break the hive mind).
-China needs to invent and move towards a service economy to maintain their rising star status. Its too late because it takes generations to truly break the hive mind
I conduct business in China/APAC and this ^^^ isnt fabricated or out of line. This ^^^ is something in China executives freely admit to and discuss...Its why the Chinese buy up real estate and seek dual citizenship. They know the economy can and potentially will look very different over the next 10-15 years.
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Originally posted by Hitman Hodgson View PostThe things you mention in your post are true, and although China's growth has been pretty miraculous, but there's no way they'll surpass America or Europe anytime soon.
It really depends on which tier of city you go to. Yes, their major cities are some of the most advanced in the world, but outside of them much of China hasn't changed in decades and 10s of millions of people still live in relative poverty, and don't have access to basic things that we take for granted her.
Not to mention, the huge real estate bubble, and poorly built ghost cities they have.
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