Posted on 09/02/2022 8:50:53 AM PDT by SpeedyInTexas
The sharp slowdown in China’s growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world’s largest economy—or even if it ever will.
Until recently, many economists assumed China’s gross domestic product measured in U.S. dollars would surpass that of the U.S. by the end of the decade, capping what many consider to be the most extraordinary economic ascent ever.
But the outlook for China’s economy has darkened this year, as Beijing-led policies—including its zero tolerance for Covid-19 and efforts to rein in real-estate speculation—have sapped growth. As economists pare back their forecasts for 2022, they have become more worried about China’s longer term prospects, with unfavorable demographics and high debt levels potentially weighing on any rebound.
(Excerpt) Read more at wsj.com ...
We may very well be at Peak China. China's working age population has already started declining.
China and RuZZia's population could be nearly cut in half by 2100.
To those who think American's best days are behind it, that the Republic is in its final days, American will likely prove you wrong.
Archived version: https://archive.ph/VwPDW
China and RuZZia's population could be nearly cut in half by 2100.
So aborting your female population (China) or having an abortion more than double the US's (Russia) isn't great for the economy? Whodathunkit?
The fact that China is so close to overtaking our economy is concerning in of itself. It was our doing that got us to this point. We opened our markets to China and shipped all our manufacturing over there in the name of saving a buck. Well it’s coming back to bite us and we continue with business as usual.
Did Covid kick them in the ass like it did us? We adjusted better?
All those empty buildings/real estate. Will they go the way of other cheaply put together projects?
American power may grow, but the Republic may still be in its last days. See: Rome.
Did Covid kick them in the ass like it did us? We adjusted better?
Who knows? To answer that question would require getting honest data from China, something that is next to impossible.
The issue is that we have the same problem, though not as bad in the USA. Our young people in their 20’s and 30’s are not having children at even close to the rate we or our parents did.
We are running out of people that actually want to work and have a job. Which is why we need LEGAL immigration.
Should read “...having an abortion rate more than double the US’s...”.
I don’t think you can compare a city to a country. So many differences.
LOL!
The Democrat/RINO Uniparty (which just happens to be in power) is clearly hell-bent on turning the U.S. into a third-world, hell-hole country ASAP ... based on the idea that, as a necessary result, Americans will eventually become totally dependent on Democrat/RINO politicians to "care" for all their growing needs ... which, in turn, ensures all those Democrat/RINO politicians will remain career politicians for as long as they desire.
Meanwhile, on the other side of the globe, Communist CCP leaders are equally hell-bent on exactly what the Democrat/RINO Uniparty is hell-bent on - seeing to it that the U.S. becomes a rapidly deteriorating third-world, hell-hole country ASAP ... as the Communist CCP leaders successfully elevate China, over the long term and at America's great expense, into becoming the one and only indisputable and unchallenged global superpower.
Well as long as the Communist run the place ,LOL
Yes amazing is it not.
China Would Lose a War with the USA
https://www.youtube.com/watch?v=gbWTuDp4Xs0
Is China About to Collapse? - The Real Truth
https://www.youtube.com/watch?v=xYI0YkR-RH4
China is Heading for Disaster... On Purpose
https://www.youtube.com/watch?v=GZHiE96tWY4
Why China Will Not “Collapse”
https://www.youtube.com/watch?v=-Kz_dhghEm8
Good post.
“To those who think American’s best days are behind it, that the Republic is in its final days, American will likely prove you wrong”
Anybody with a memory should remember the bad economic situation in the 70’s, and early 80’s, OPEC, then the Japanese where going to own our country, and now it’s China. Blah, Blah,Blah.
Guess what. This country will overcome Biden also.
Lol. When I first moved to Asia 20 years ago, everyone said China would be the biggest economy by 2017. Then it was 2025.
China’s economy is all cooked and inflated numbers. At their height they were $9trln, not the $15trln everybody said they were.
The fact they have 5x the people the US has, means they are 10x less efficient. Their economy is shrinking and their real estate is imploding. Not to mention the fact that half their banking system is a shadow economy.
China is never going to be number 1.
The Roman Empire already included pretty much the entire Mediterranean world by the time of Ceasar, plus the Middle East and parts of modern Great Britain. So, I think the comparison might be appropriate.
‘Course not! That’d be like Biden’s economy overtaking Trump’s.
China’s total debt (gov, private, corporate) exceeds 300% of GDP.
“These cases were highly publicized but they are a bit of a red herring, as the true levels of China’s debt go far beyond the real-estate sector. At the end of 2020, China’s foreign debt, including U.S. dollar debt, stood at roughly $2.4 trillion. Corporate debt is $27 trillion, while the country’s total public debt exceeds 300 percent of GDP. China’s public debt is already 60 percent higher than the average across other countries, and the debt-to-GDP ratio is growing at a rate of about 11 percent per year. As China’s GDP has grown by less than 11 percent annually for the past 11 years, its debt is outpacing its GDP growth.”
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