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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 le
by 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 agoThat'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 agoWhat 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 agoWhat about the political polarization? Do you see it going away as soon as Trump is gone? Or will it get even worse?
- madengr 7y agoThe same or worse, which is fine, as it causes gridlock. The last thing I want is single party control.
- 1PlayerOne 7y agowell I am glad you like the gridlock. Good luck with that.