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> For decades, China's GDP growth towered over the US's. It's much easier to 100x $1k than to 10x $1m. This is not to take away from the achievements of the C

• oblio 1y ago
  > It's much easier to 100x $1k than to 10x $1m. That's kind of goes against the conventional wisdom, which largely feels true in my experience, that "the rich get richer". Countries are a bit different, but China looks poised to avoid the middle income trap up to a point, and even if they don't, their "middle income" is a lot more likely to fall somewhere near the Japanese levels, which would make the Chinese economy massively bigger than the US one, by 2050.
  • teamcampapp 1y ago
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• motorest 1y ago
  > It's much easier to 100x $1k than to 10x $1m. China's GDP is the second largest in the world, and is around two thirds of US's. China's economy is growing continuously over 5% whereas the US already discussed facing a recession. In some metrics, such as PPP GDP, China already towers over the US. I think you're trying ver hard to diminish the second largest economy of the world at a moment where it's expected to be a few years until it's the single largest.