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I mean, 119 vs 121 is still impressive, if true. With China’s momentum, I wouldn’t be surprised if they pass the US soonish. That said, any article that includ

I mean, 119 vs 121 is still impressive, if true. With China’s momentum, I wouldn’t be surprised if they pass the US soonish. That said, any article that includes Taiwan as part of China immediately makes me think it’s a propaganda piece.

jerf 7y ago
Perhaps, but in the last year things have taken a turn that suggest China's momentum may be taking a turn for the worse recently. Trump's trade war is just a leading indicator, but it's not the only problem they're facing; increasing amounts of the world are seeing them as a direct threat. I'm not sure we can project out China's progress from a politital/economic regime where they were at least effectively unopposed (beyond the normal give and take of any economy), if not actively being given a helping hand, to a regime where they are being actively opposed by an increasing number of economies. It's possible a trade war will end up being the best possible thing that could happen to them by putting some stress on their economy and helping them sharpen their game, but, then again, it may end up being the case that once again, a Communist regime turns out to be a paper tiger pumped up by a lot of people heavily invested in seeing Communism succeed, only for it to collapse spectacularly once all the internal contradictions are laid bare. Stay tuned for the next couple of years.
- lonelappde 7y ago
  That's valid, but the US might have peaked as well, considering recent internal turmoil. China is totalitarian/single-party, not very Communist anymore (central planning of economy? Wages and welfare predominantly provided by the State?), and getting less Communist every day. China's CCP is as Communist as the US Greens are "green" or the Democrats are "democrats" vs Republicans being "republican". At a glance, China is converging with US, with China becoming a single-party-rule corporate oligopoly, and US becoming a libertarian corporate oligopoly.
  - madengr 7y ago
    What internal turmoil? Trump? He will be gone in 1-5 years, then it is another political cycle. Nothing unusual. China has had 1 party (communist) rule for 70 years?
    - 1PlayerOne 7y ago
      What about the political polarization? Do you see it going away as soon as Trump is gone? Or will it get even worse?
      - madengr 7y ago
        The same or worse, which is fine, as it causes gridlock. The last thing I want is single party control.
        1PlayerOne 7y ago
        well I am glad you like the gridlock. Good luck with that.
lonelappde 7y ago
It's not propaganda so much as not letting inconvenient facts get in the way of a good story. Lots of ways to looks at numbers. China has 3x the population of US, so should we divide the company count by 3? Does number of companies matter, or market cap? Or revenue? Or profit + salary? Does purchasing power parity affect the weighting? What about the effects of US alliances with Europe vs China's alliances? What about the fact that US companies are multinationals, not purely American? At best you can say that China is on the rise and is a force to be reckoned with. Can't say if it's more or less powerful than USA.

jerf 7y ago

Perhaps, but in the last year things have taken a turn that suggest China's momentum may be taking a turn for the worse recently. Trump's trade war is just a leading indicator, but it's not the only problem they're facing; increasing amounts of the world are seeing them as a direct threat. I'm not sure we can project out China's progress from a politital/economic regime where they were at least effectively unopposed (beyond the normal give and take of any economy), if not actively being given a helping hand, to a regime where they are being actively opposed by an increasing number of economies. It's possible a trade war will end up being the best possible thing that could happen to them by putting some stress on their economy and helping them sharpen their game, but, then again, it may end up being the case that once again, a Communist regime turns out to be a paper tiger pumped up by a lot of people heavily invested in seeing Communism succeed, only for it to collapse spectacularly once all the internal contradictions are laid bare. Stay tuned for the next couple of years.

lonelappde 7y ago
That's valid, but the US might have peaked as well, considering recent internal turmoil. China is totalitarian/single-party, not very Communist anymore (central planning of economy? Wages and welfare predominantly provided by the State?), and getting less Communist every day. China's CCP is as Communist as the US Greens are "green" or the Democrats are "democrats" vs Republicans being "republican". At a glance, China is converging with US, with China becoming a single-party-rule corporate oligopoly, and US becoming a libertarian corporate oligopoly.
- madengr 7y ago
  What internal turmoil? Trump? He will be gone in 1-5 years, then it is another political cycle. Nothing unusual. China has had 1 party (communist) rule for 70 years?
  - 1PlayerOne 7y ago
    What about the political polarization? Do you see it going away as soon as Trump is gone? Or will it get even worse?
    - madengr 7y ago
      The same or worse, which is fine, as it causes gridlock. The last thing I want is single party control.
      - 1PlayerOne 7y ago
        well I am glad you like the gridlock. Good luck with that.

lonelappde 7y ago

It's not propaganda so much as not letting inconvenient facts get in the way of a good story. Lots of ways to looks at numbers. China has 3x the population of US, so should we divide the company count by 3? Does number of companies matter, or market cap? Or revenue? Or profit + salary? Does purchasing power parity affect the weighting? What about the effects of US alliances with Europe vs China's alliances? What about the fact that US companies are multinationals, not purely American? At best you can say that China is on the rise and is a force to be reckoned with. Can't say if it's more or less powerful than USA.