4 ms·
That is absolutely not given. It is understood that China's gdp are generally fudged/overstated, and also we could have a Japan scenario. In the late 80s/early
by ardit33 6y ago
That is absolutely not given. It is understood that China's gdp are generally fudged/overstated, and also we could have a Japan scenario.
In the late 80s/early 90s, it was thought that Japan was going to dominate technology and cars and that just didn't happen.
Japan is doing fine, but not 'dominating' in any way. Japanese cars are doing fine in the US, but just can't compete well in the European market.
Same way with China. It is becoming a significant world power and market, but not dominate anything.
- hnracer 6y agoChina had a long way to go before they reach a Japan situation, their GDP per capita is so small and they only need to bump it a few K to overtake the US. They might asymptote before then but my money is on afterwards, perhaps when they're 1.5-2.2x bigger than the US.
- suifbwish 6y agoNothing actually happens when your nation becomes wealthier than another one. What matters most is who has the most advanced military and civilian tech and who controls the majority of commonly used international resources. It also matters if you are theoretically able to produce all of the essential resources you need if the other nations decide they don’t want to trade cards with you.
- Animats 6y agoSee "Made in China 2025". [1] https://en.wikipedia.org/wiki/Made_in_China_2025 https://en.wikipedia.org/wiki/Made_in_China_2025