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True but its only a matter of this at this rate.
by tock 1y ago
True but its only a matter of this at this rate.
- wqaatwt 1y agoIs it? China unlike US has a declining population. Also it takes a while to catch up even if you’re growing at 5% and your opponent at 3% when the starting base is much lower. Of course this might be entirely moot since US is in the process of committing economic suicide for no apparent reason.
- tock 1y agoI think its going to happen. We keep underestimating China. US manufacturing is in the gutter. And it certainly doesn't help that we keep deporting our best minds back to China. They already have 5x the US population. They have a lot of room to grow still.
- wqaatwt 1y ago> US manufacturing is in the gutter That had little effect on GDP growth, though. It’s not like the gap has been narrowed that much in the last 15 years: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=CN-US&start=2010 https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location... It’s not that long until China’s demographic issues will start having a huge impact. Unless something significant changes it’s not inconceivable if China never catches up. Obviously such longterm projections are semi meaningless but China will likely have less than 500 million people by the end of the century.