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China had none of those advantages, and overtook the EU already in many high-tech industries. Indeed, Europe had none of those advantages when it rose to Numbe

• BiteCode_dev 3y ago
  China has over advantages, like have a sixth of the population in the world, having massive mineral and coal resources and being the factory of Europe and the US. Baring a miracle, my continent has nowhere to go but down. We have no metals, not fossil fuels, massive debts, an expensive lifestyle and few industries that cannot be copied elsewhere. Post covid and the ukraine war, we are in deep, deep trouble. Politically the extremes are rattling more and more, and they may very well win at some point because things are looking bleak.
  • groestl 3y ago
    Of those, only the resources are an inherent problem, and I'm not sure if it's really that bad if you take a continental perspective. I think you need to take a step back, and look at production of goods, technology, and services, not at money flow. In the end, getting rid of debt is just one default away, and that's a political decision. The Chinese exploit their resources and work hard - good thing they invest at home and in their military, because otherwise they might never get something back for their troubles.