At the current rate, China won’t become the biggest economy in nominal GDP for a few more decades, and that assumes growth continue at the current rate China m

At the current rate, China won’t become the biggest economy in nominal GDP for a few more decades, and that assumes growth continue at the current rate China might become number one in GDP (PPP) in a decade, but that also assumes continued growth at the current rate. China is overdue for a recession, as they need massive restructuring of the economy to shift away from an export driven economy and to pop its housing bubble (which does drive GDP growth now but not in a way that actually makes the country wealthier) Why do you think Xi Jinping is doing such massive reforms right now? And clamping down harder on dissent and access to information and culture that’s not in line with CCPs agenda? He knows what’s coming, and to an extent he’s accelerating it with new lending restrictions and such. He knows it’s necessary.