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China is just about to crash and has been for 25 years according to articles/books popping up now and then. IMHO, to have a long term view just look at total G
by mytailorisrich 4y ago
China is just about to crash and has been for 25 years according to articles/books popping up now and then.
IMHO, to have a long term view just look at total GDP vs. population:
US 27T 340M
China 19T 1400M
Japan 4.4T 124M
Germany 4.3T 83M
So China still has a long way to ascend. If China was a developed country like the other 3 here, with a GDP per capita similar to Japan's (which has the lowest GDP per capita compared to US/Germany) then its GDP would be 50T, twice the US and thus it would be much more powerful than the US.
The same holds for India as it develops.