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My take is that China will eventually surpass the United States in terms of GDP but the USA will continue to lead in terms of per-capita.
by danaos 6y ago
My take is that China will eventually surpass the United States in terms of GDP but the USA will continue to lead in terms of per-capita.
- delfinom 6y ago>but the USA will continue to lead in terms of per-capita Which will be further and further ironic as the 1% will eventually become the 0.1%
- Simulacra 6y agoOnly if foreign companies keep investing. If there is another Wuhan virus, then as possible the world may step back tremendously from China
- scarmig 6y agoChina is looking to move away from export focused growth and has been developing a rich domestic market. More broadly, the world has been stepping back a bit from China anyway, because its labor costs have risen significantly compared to other potential manufacturing centers.
- sudosysgen 6y agoIn truth, the Chinese share of manufacturing has recently surged.
- landryraccoon 6y agoHmm, really? To me it looks like a new pandemic every decade would crush the west and assure the dominance of Asian economies. Just looking at how much better Asian countries have weathered the pandemic, it would seem that every pandemic would be a relative boon for Asia compared to the West.
- ffggvv 6y agoyeah with more than 3x the population they only need 1/3 of the median gdp to surpass in overall gdp