[jjhunsecker]

China may indeed have over 1 billion people but doesn't and will not translate into economic superiority. The average Chinese does not make much more than maybe 50 to 100 Dollars a month. So where will all this economic growth come from? Just in manufacturing?

[staytrue]

Per capita gdp in china is about 200 dollars per person per month. Assuming a few people are either retired, or children, a guess would be that a person working in china makes about 300 dollars per month. Per capita gdp in the US is about 3000 dollars per month. A working person in the US makes about 6000 per month (pre tax) because a lot of people in the US are retired or children.

[A Vast RightWing Conspirator]

China may indeed have over 1 billion people but doesn't and will not translate into economic superiority. The average Chinese does not make much more than maybe 50 to 100 Dollars a month.

Well, try to imagine the world when 1 billion 'affluent' Chinese can afford to drive 1 billion cars on 1 million miles of Chinese highways. For example, let's try to estimate the price of oil under the circumstances. And factor in 1 billion Indians too.

My point? We can't afford a prosperous China and/or India at this time. It simple CAN'T happen.

The best they can do is to drag US down to their level of prosperity and... it's probably happening as we speak.

[AdamSelene235]

The average Chinese does not make much more than maybe 50 to 100 Dollars a month. So where will all this economic growth come from? Just in manufacturing?

You have to remember that Chinese purchasing power has not being destroyed by an intrusive regulatory state. Their fiscal burden of government is 2X lower than America's.

For instance, when an American buys a "$23,000" Ford Taurus about 10,350 of those dollars are pocketed by the government. The accumulated tax burden in America is staggering.

You can have your transmission rebuilt for $100 in China. The number only seem low because you are living in a Socialist kleptocracy.