China doesn’t want to seem too developed or they won’t be able to freely pollute as much as they do
China is a first world country hiding within a third world country. If you have 300 million first world citizens you can’t call yourself third world even if you have 900 million third world. They are third world because you let them be. You need no help. You need resolve to do the right thing. Take care of your own. You are the second largest economy in the world.
Mitch McConnell is in the process of shipping what’s left of MAGA back to China. That should help.
China will experience a population crash unseen in human history since the Black Death in the next fifty years - how does it maintain let alone improve its lot after that?
China will have have the population in another 40 years, and it is utterly dependent on oil, principally from the Mideast, for its economy to function. That oil can be cut off by any nation between the Persian Gulf and Taiwan that has a couple of destroyers and is pushed off at the arrogant and expansionist Chinese. Oh, and they’re entirely dependent upon exports, as the have a very anemic domestic market (not the least of the reasons for which is their rapidly aging population).
They had their moment in the Sun, but they’ll never dominate the globe. That they can break a lot of things and kill a lot of people is beyond question, but it is the ability to create increasing wealth over time that makes for power.
China is the industrial colossus of the world, as you can see by visiting Walmart.
With an economy AND apartment blocks made of papier mache’?
With the second coming of Mao Tse Tung as fearless leader?
With an industrial base that can be brought to a grinding halt everytime someone sneezes?
Nope.
CC
Why did you post Chicom propaganda?
In essence, like all modern currencies, the dollar is based on the backing and thus the strength and integrity of the country that issues it. And no country -- and especially not China -- comes close to the unique combination of factors possessed by the United States and its dollar.
These are: (1) economic size and dynamism; (2) military strength; (3) a network of supportive allies and consensus based organizations and international institutions; (4) cultural attractiveness; and (5) free markets, transparency, and the rule of law.
The importance of the first two factors is mostly obvious, but it is the last three that are utterly beyond China. In essence, most of the world likes being allied with or at least economically aligned with America because the US and Americans treat other countries and people well, which leads them to (mostly) like America and Americans. That is simply not true of China or the Chinese, which regard other countries and peoples in an imperial manner.
Align with America and adopt the dollar as your trade and reserve currency and you get more of America and Americans, which means blue jeans, rock music, a torrent of entertaining TV shows and movies, and greater military and economic security and prosperity. Align with China and you get more of China and Chinese, which means that you and your country get comprehensively disrespected, bullied, and exploited. That is why China's Great Silk Road project is faltering. It is a recipe for screwing other countries through predatory lending and one sided agreements.
And no one in their right mind trusts and expects China to honor their treaties and commercial agreements, have free markets, and keep honest and open economic and financial accounting that lets China's economic performance and the value of China's currency be properly evaluated. All of that is beyond China due to the nature of their culture and political system.
Don not take my word for this but read up and make your own evaluation. Most of all, look at the Chinese people. From poor to wealthy, they want American goods and culture, a cache of dollars in savings, and foreign residence and citizenship -- in America if at all possible. And unless America falls permanently into the clutches of Leftists, that is not going to change. Freedom, baby, is the most potent force on the planet. America did not invent it and does not control it, but we have the world's greatest supply of it.
With over 600 million people still living on utter poverty and a crashing economy - due to the real estate problems that make over 30% of the economy, Xi Jinping may as well declare any date because it still in a 3rd world country.
Mass poverty will not be eliminated any time soon, except in CCP made up figures and pronouncements.
2035...is that when China lifts the covid lockdown?
Why not?
There is no logic to this idea.
If it were true, then why does the combination of Europe and China far surpass the United States in size?
The world outside the United States far surpasses the United States economy.
The United States economy is only about 13.6% of the world's economy.
China's economy is already larger than the United States, according to many.
After WWII, the United States economy was a far larger percent of the world's economy. In the mostly peaceful period since WWII, the leadership of the United States, and particularly the immense aid it has given to China, have dropped its percentage of the world economy from 50% to 13.6%.
Not in perpetual lockdown.